8:30 - 17:30  |  Mon - Thu
8:30 - 14:30  |  Fri
+357 22-100192  |  Nicosia
+357 25-100692  |  Limassol
Nicosia
Limassol

Amendment of the Special Defence Contribution (SDC) Law

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

The Cyprus Parliament has passed an amendment of the Special Defence Contribution (SDC) Law (117(I)/2002), which is effective as from the 8th of June 2022.

 

What you need to know

The amendment aims to broaden the application of the reduced SDC rate of 3%. The following table indicates the changes:

 

 

Furthermore, the amendment now clarifies that interest income derived from the ordinary carrying on of a business or closely connected with the ordinary carrying on of a business is not considered as interest and therefore it does not fall within the provisions of the SDC law.

 

We remain at your disposal for anything you may need.

 

Contact persons


Anna Solomou

This email address is being protected from spambots. You need JavaScript enabled to view it.

+357 22 100 192

Head of Accounting

-

Pavlos Tsiaklides

This email address is being protected from spambots. You need JavaScript enabled to view it. 

+357 22 100 192

Head of Audit

 

Copyright © 2022 - CosmoCo Ltd. All Rights Reserved.