background image
Cyprus Publishes Chilean Bond Yield Rates for Notional Interest Deduction — Orbitax Tax News & Alerts

The Cyprus Tax Department has announced the publication of the 10-year government bond yield rates for Chile as at 31 December 2019 and 31 December 2020, which are 3.093% and 2.650%, respectively. Separate bond rates for Chile are also provided USD and EUR. The rates, increased by 5%, represent the reference rate for determining the notional interest deduction (NID) for new equity investments. The reference rates for a particular year are determined based on the rates as at 31 December of the preceding year.

Click the following link for the reference rate table, which includes the rates for multiple countries, including Chile.