Back in July, we encouraged all Cyprus companies to turn their provisional tax into a smart business tool by preparing their 2025 provisional assessments early — and many of you used this process to gain mid-year budgeting insights.

Now, as we approach 31 December 2025, it’s time for the final step:

🌟 Review – Revise – Finalise Your 2025 Provisional Tax

All Cyprus companies must review whether their initial July provisional assessment still reflects reality.
If your company’s actual profitability for 2025 is higher or lower than your July estimate, you must decide whether to:

• Revise your provisional tax upwards (if income increased)
• Revise your provisional tax downwards (if income decreased)
• Or, if no taxable income is expected, avoid the need for payment altogether

A revised provisional assessment can be submitted online until 31 December 2025.

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Why You Should Consider Revising Your Provisional Tax

The law imposes a 10% surcharge if the final tax (based on the audited financial statements) exceeds the July provisional estimate by more than 25%.

Revising now can help you:

• Avoid the 10% surcharge

• Smooth out your cashflow

• Reduce surprises when your audit is completed

• Lock in a more accurate tax position before year-end

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Year-End Budgeting Insights (Continuation from July)

Just like in July, we continue to provide financial projections and budgeting analysis, now based on your latest trial balance as of 30 November 2025 or the most recent management accounts.

By providing your updated numbers, we will deliver:

• A refined profitability projection for the full 2025 year

• Year-end tax planning recommendations

• Visibility on whether a revised provisional is needed

This ensures full continuity with the July tax assessment, but with updated and more accurate information.

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Key Deadlines for December 2025

📌 31 December 2025

• Second installment of 2025 provisional tax

• Deadline to submit a revised provisional assessment

• Last date to avoid the 10% under-estimation surcharge

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How to Pay or Revise Your 2025 Provisional Tax

Online Payment Steps (Unchanged from July)

Log in to the Cyprus Tax Department Portal →
Select “0200 – Income Tax (individuals and legal persons)” →
Enter:

• Relevant year: 2025

• Yearly taxable income (revised if needed)

• Total tax due

Proceed to payment.

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If Your Company Has No Taxable Income in 2025

Then you may choose not to activate the provisional tax (no payment required).
We can confirm this based on your accounting records.

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Need Help Deciding Whether to Revise Your Provisional Tax?

We can immediately:

• Review your current financial results

• Estimate your full-year 2025 taxable profit

• Advise whether to increase, decrease, or waive your provisional tax

• Submit the revised assessment on your behalf

• Help you plan your 2026 obligations

Contact Us Today

Reach out for expert help with tax, accounting, audit, or company setup in Cyprus.

+357 99 108 510

[email protected]