The Tax Department announces that the ten–year government bond yield rates as at 31.12.2022, which increased by 5%, represent the “reference rates” for the purposes of granting tax allowance on new capital as per article 9B of the Income Tax Law N.118(I)/2002, as amended, are published on the website of the Tax Department, under the section “Direct Taxation / Other Information”.
On the table below, you can find the ten-year yield rate of Government bond of each Country. The yield rate as at 31/12/2019 and onwards increased by 5%, represents the “reference rate” for the purpose of granting tax allowance on new capital, as per article 9B of the Income Tax Law L.118(I)/2002. The yield rate up to and including 31/12/2018 increased by 3%, represents the “reference rate” for the purpose of granting tax allowance on new capital, as per article 9B of the Income Tax Law L.118(I)/2002.
