Jul
07
2023
Tax Alert: Provisional tax return due end of July 2023
The provisional tax return requires the estimation of the provisional taxable profit for the current year and the payment of the respective provisional tax liability in two equal instalments, i.e. by 31 July 2023 and 31 December 2023. It is noted that the final tax liability for the tax year 2022 should be settled by 1 August 2024. Cyprus tax resident individuals (domicility is irrelevant) having income other than employment income may also need to file a provisional tax declaration in order to settle the National Health Contributions relating to such...
