Cyprus is facing an emergency situation due to the fast spread of Covid-19. Based on the announcement of the Cyprus Government the country is in lockdown from Sunday 10 of January.
We would like to inform you that the second installment of the "Provisional Tax 2020" is payable until 31 December 2020.
The provisional tax is calculated on the profits that are expected to arise in the year 2020 for companies and self-employed persons.
**Remember that the corporate tax rate is 12.5%.