Giorgos Agapiou2024-12-20T15:46:19+03:00The payment deadline for the 2nd provisional tax instalment for tax year 2024 is the 31st of December 2024 (there is 30 days period for the payment until 30 January).
Obligation for provisional tax payment
The following persons have an obligation to pay provisional tax, based on their expected annual taxable income for tax year 2024:
Individuals with taxable income other than salaries, pensions, dividends and interest, and
Companies with taxable income.
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...
