Cyprus companies provisional tax assessment and submission for the year 2023 – first online payment 31 July 2023

According to the Cyprus Income Tax Law, Cyprus companies have the obligation to submit a temporary tax assessment/estimation of their 2023 chargeable income

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

– 31 July 2023
– 31 December 2023

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 assessments/estimations can be submitted online through the Cyprus Tax Department Portal website or JCCsmart website on or before 31 December 2023

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 payments can be done through the Cyprus Tax Department portal website or the JCCSmart website

Cyprus companies’ provisional tax online payment for the year 2023

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 2023 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 the relevant year, taxable income, and relevant payment

4) Proceed with the payment

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