{"id":5819,"date":"2026-07-06T09:03:34","date_gmt":"2026-07-06T09:03:34","guid":{"rendered":"https:\/\/www.gstaxconsultants.com\/?p=5819"},"modified":"2026-07-06T09:44:22","modified_gmt":"2026-07-06T09:44:22","slug":"provisional-tax-tax-year-2026","status":"publish","type":"post","link":"https:\/\/www.gstaxconsultants.com\/ru\/provisional-tax-tax-year-2026\/","title":{"rendered":"Provisional Tax 2026"},"content":{"rendered":"

You are informed that in accordance with the provisions of the Income Tax Law, the submission and payment deadlines for the 2026 Provisional Tax are as follows:<\/p>\n

31 July 2026<\/strong>:<\/p>\n

Submission of the declaration and payment of the 1st instalment<\/p>\n

 <\/p>\n

31 December 2026<\/strong>:<\/p>\n

Payment of the 2nd instalment, if necessary \u2013 Final date for revision of the provisional tax<\/p>\n

 <\/p>\n

Calculation of Provisional Tax:<\/strong><\/p>\n

The corporate income tax rate as from January 1st, 2026 is 15%<\/strong><\/span><\/p>\n

The provisional tax applies to both legal entities and self-employed individuals and is calculated based on the estimated profits expected to arise for the tax year 2026.<\/p>\n

\u00a0<\/strong><\/p>\n

Penalty fees for Non-Compliance<\/strong><\/p>\n

Late submission or payment will result in: <\/u><\/p>\n

– 5% penalty<\/p>\n

– 3.5% annual interest on the unpaid amount<\/p>\n

 <\/p>\n

Penalty fees if not pay provisional tax or if not cover the 75% of the final profit for the current year:<\/u><\/p>\n

– 10% additional tax on the tax payable for the specific year to legal entities and self-employed who expect to have profits in the year 2026 and do not pay provisional tax.<\/p>\n

– 10% penalty applies for provisional tax payments that will not cover at least the 75% of the final profit for the year 2026.<\/p>\n

 <\/p>\n

**You are therefore advised to estimate your company\u2019s and\/or personal taxable profits (if self-employed) for the year 2026 and the relevant tax thereon and inform your auditors\/ accountants as soon as possible of your expectations.<\/p>\n

For any clarification or assistance, you can contact Globalserve Consultants Ltd at\u00a0antonis@globalserve.com.cy<\/a><\/p>\n

 <\/p>\n

Globalserve Consultants Ltd, <\/em><\/strong><\/p>\n

as your financial advisors\u00a0can 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.<\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"

You are informed that in accordance with the provisions of the Income Tax Law, the submission and payment deadlines for the 2026 Provisional Tax are as follows: 31 July 2026: Submission of the declaration and payment of the 1st instalment   31 December 2026: Payment of the 2nd instalment, if necessary \u2013 Final date for […]<\/p>\n","protected":false},"author":7,"featured_media":5615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[61],"tags":[],"class_list":["post-5819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/5819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/comments?post=5819"}],"version-history":[{"count":5,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/5819\/revisions"}],"predecessor-version":[{"id":5824,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/5819\/revisions\/5824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media\/5615"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media?parent=5819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/categories?post=5819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/tags?post=5819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}