Cyprus companies provisional tax assessment and submission for the year 2021 – first online payment 31 July 2021

According to the Cyprus Income Tax Law, Cyprus companies have the obligation to submit a temporary tax assessment/estimation of their 2021 chargeable income

The temporary tax assessment/estimation is payable in two equal installments, before or at the following dates:

– 31 July 2021
– 31 December 2021

A 10% surcharge is imposed on the difference between the tax as finally determined in the relevant annual report (financial statements) and the temporary tax assessment/estimation when the temporary assessment/estimation is less than 75% of the chargeable income. Revised tax assessment/estimations can be submitted online through the Cyprus Tax Department Portal website or JCCsmart website on or before 31 December 2021

Cyprus Companies that pay their taxes after the due dates penalty and interest are imposed.

If according to the company’s estimates there is no taxable income or any tax due, the Cyprus Company is not required to make a declaration.

The settlement of Cyprus companies’ provisional tax payment can be done through the Cyprus Tax Department portal website or JCCSmart website

Cyprus companies provisional tax online payment for the year 2021

The settlement of Cyprus companies’ provisional tax payment is done through the Cyprus Tax Department portal or JCCSmart website through the following links:

Please follow the instructions below for the payment through the Tax Department portal website or the JCCSmart website.

Instructions for the online payment of Cyprus Companies provisional tax for the year 2021 through the Cyprus Tax Department portal website or JCCSmart website:

1) Input your email address and the password to log in to the system

2) Search for 0200 – Income Tax (individuals and legal persons)

3) Complete relevant year, taxable income, and relevant payment

4) Proceed with the payment

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