- Posted February 02, 2017
Public Interest rate for the year 2017
The Cyprus Tax Department has announced that the public interest rate with respect to overdue taxes is fixed at 3,5% per annum with effect as of 01 January 2017 onwards.
Therefore, the interest rates relating to settlement of any tax liabilities and tax refunds will be calculated based on the following rates:
| Period | Interest Rate |
|---|---|
| Up to 31/12/2006 | 9% |
| From 01/01/2007 to 31/12/2009 | 8% |
| From 01/01/2010 to 31/12/2010 | 5,35% |
| From 01/01/2011 to 31/12/2012 | 5% |
| From 01/01/2013 to 31/12/2013 | 4,75% |
| From 01/01/2014 to 31/12/2014 | 4,5% |
| From 01/01/2015 to 31/12/2016 | 4% |
| From 01/01/2017 to 31/12/2017 | 3,5% |
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