The purpose of this email is to inform you about the
requirements of the Cyprus Tax Legislation (Assessment and
Collection Law as amended in 2002, article 24) regarding the filing
of temporary tax returns and relevant temporary tax payments for
the year 2019.
Please note that a Temporary Tax Assessment of
the estimated net taxable profit for 2019 (if any) should be
submitted to the Tax Authorities by
31st
of July 2019. The resulting tax is payable
in two equal instalments as follows:
- 1st payment by
31st of July 2019
- 2nd payment by
31st of December 2019
Your estimation of the taxable profit (if any) must be as
close as possible to the actual net taxable profit of the
company as any taxes underestimated might be liable to a 10%
surcharge.
