The deadline for the settlement of the second instalment of the
2019 temporary tax is the 31st
of December 2019.
The deadline refers to the second and final instalment of the
temporary tax for the current year, which all Cyprus tax resident
companies and individuals having income subject to income tax other
than salary income are required to pay based on expected
profits.
It is noted that the respective temporary tax can be settled by
31 January 2020 only through JCC Electronic Portal
without any interest and penalties.
The 2019 temporary tax assessment may be revised by a taxpayer
at any time before the deadline of 31 December
2019.
If the estimated taxable income is revised upwards, 2% interest
is payable on the difference between the revised amount payable and
the amount initially declared from the due date of payment of the
first instalment.
