The Cyprus Tax Department has announced the publication of the 10-year government bond yield rates for Panama as at 31 December 2021 and for Ukraine as at 31 December 2020 and 31 December 2021. 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 Panama and Ukraine.