We would like to inform you that the Cyprus Parliament approved an amendment to the Special Defence Contribution (“SDC”) Law reducing the SDC rate for passive interest earned by Cyprus tax residents (Individuals and Companies) from 30% to 17%.
We would like to inform you that the Cyprus Parliament approved an amendment to the Special Defence Contribution (“SDC”) Law reducing the SDC rate for passive interest earned by Cyprus tax residents (Individuals and Companies) from 30% to 17%.