Provisional Tax Payment deadlines for 2026

 The upcoming deadline for the payment of 2026 Provisional tax are set below:

The first instalment of the 2026 provisional tax is due by 31st of July 2026 and the second instalment by 31st of December 2026. Provisional tax is calculated on budgeted profit for the year. The provisional tax declaration can be amended upwards or downwards by 31st of December 2026 with the second instalment . If you wish a member of our staff to assist you with the calculation please contact us.

A penalty of 10% is imposed on the difference between the tax due per the final assessment and the tax due per the provisional assessment, if the provisional taxable income per provisional assessment is less than 75% of the taxable income per the final assessment. If any instalment of the provisional tax assessment is not paid within 30 days from the due date, interest is imposed. In addition, in case of a delay in payment, a flat 5% penalty on the tax due is payable.

Payment of taxes can only be made electronically via the Tax Portal at https://taxportal.mof.gov.cy/ both for current and overdue debts (including interest and penalties).

For more information please contact us at info@americanoslaw.com