We kindly remind you that the deadline for the submission of the revised provisional tax return and payment of the 2nd instalment for 2022 provisional tax is by 31st December 2022.

If there is a change in the estimated taxable income for the tax year 2022, a revised temporary form should be submitted and paid by 31st December 2022. The revised taxable income will be apportioned equally over the two instalments and the difference arising will bear interest of 1.75%.

In case the initial estimation remains unchanged, the payment of the 2nd instalment can be made by 31st January 2023.

The final payment of the 2022 tax must be made via self-assessment by 1st of August 2023.

We remain at your disposal for any clarifications and assistance.

For more details, please contact:

George Yiallourides
Managing Director
T: 0035725443132
E: yiallourides@ayca.com.cy