The deadline for the settlement of the second instalment of
the 2022 temporary tax is
the 31st of December
2022.
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 2023 only through JCC
Electronic Portal without any interest and penalties.
The 2022 temporary tax assessment may be revised by a taxpayer
at any time before the deadline of 31 December
2022.
If the estimated taxable income is revised upwards, 1.75%
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.
