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Tax on Interest Income in Cyprus

Interest income under the Cypriot Income tax legislation is generally exempt as provided by section 8(19) of the Cyprus Income Tax Law 118(I) 2002 as amended.
 
Interest income not accruing from ordinary business activities is subject to a 10% defence contribution if received by a Cyprus tax resident (both corporate or individual).
 
For more details and information on the above, please visit the following website www.multilysis.com.