We would like to remind you that the payment deadline for the 2nd provisional tax instalment for tax year 2022 is the 31st of December 2022 (there is 30 days period for the payment until 30 January).
Payment of provisional tax
The provisional tax is calculated by applying the relevant tax rates (depending on whether the taxpayer is an individual or a company) on the expected taxable income for the year, after taking into account any overseas tax credits.
It is payable in two equal instalments, as follows:
• 1st instalment 31 July 2022
• 2nd instalment 31 December 2022
It is noted that, the final tax liability for the tax year 2022 should be settled...