According to the Cyprus Income Tax Law the dates of submission and payment of the provisional tax for the year 2025 are as follows:
31/07/2025
Submission of return and payment of 1st instalment
31/12/2025
Payment of 2nd instalment – last day of revision of provisional tax (if needed)
Calculation of Provisional Tax in Cyprus:
The provisional tax is calculated on the profits that are expected to arise in the year 2025 for companies and self-employed persons.
Remember that the corporate tax rate is 12.5%
Penalty fee:
The late submission of the return and the late payment of the instalments are liable to a penalty of 5% plus interest of 5% on the payable amount.
Legal entities and self-employed who expect to have profits in the year 2025 and do not pay provisional tax will be liable to 10% additional tax on the tax payable for the specific year and the same applies for provisional tax payments that will not cover at least the 75% of the final profit for the year 2025.
**You are therefore advised to estimate your company’s and/or personal taxable profits (if self-employed) for the year 2025 and the relevant tax thereon and inform your auditors/ accountants as soon as possible of your expectations.
For any clarification or assistance, you can contact Globalserve Consultants Ltd at antonis@globalserve.com.cy, as financial advisors can give you advice on the calculation of the expected taxable income and provide you with the steps to be taken for the payment of the taxes.
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