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Amending the Notional Interest Deduction (NID) Law
Date: 16/07/2020
Author: Costas Michail
Dear Clients and Associates, The Cyprus NID framework has recently been amended mainly by: (a) removing the Cyprus ’safe harbour’, (b) replacing the 3% premium with a 5% premium, and (c) clarifying certain aspects on which the NID law (the “Law”) was hitherto silent
Download: Amending the Notional Interest Deduction.pdf
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