The Cypriot Tax Department issued an announcement on 14 February 2018 to inform taxpayers of the 10-year government bond yield rates as at 31 December 2017 for a number of countries (set forth in the table below), with respect to the Notional Interest Deduction (NID) regime. These yield rates shall be used to determine the reference interest rate for claiming NID in respect of the 2018 tax year. The key provisions of the NID and the applicability of the 10-year government bond yield rates are summarized in the EY Alert found here 2018g-01012-181gbl-cyprus-publishes-10-year-government-bond-yield-rates-for-nid-purposes
