We would like to inform you that the deadline for the payment of the 2nd instalment is the 31st of December 2024.

However, if the payment will be made before the 31st of January 2025, no interest and penalties will be imposed.

All payments are made only electronically through the Tax Portal (https://taxportal.mof.gov.cy/) or through the JCC smart website, via online banking from a Cyprus bank or via wire transfer.

Revision can be made as follows:
a. Upwards revision
In case of an upward revision of the initial provisional tax declared and submitted for the year 2024, such revision can be created only electronically through the Tax Portal latest by 31st of December 2024. Revision can also be made in case of no initial provisional tax declared/submitted.
Upon revision, any difference between the initial and the revised 1st instalment will be payable with interest as from the due date for the 1st instalment (31 July 2024) up to the date of settlement.
The deadline for the payment of the revised upward 2nd instalment is the 31st of December 2024. However, if the payment will be made before the 31st of January 2025, no interest and penalties will be imposed.

b. Downwards revision
In case of a downward revision of the initial provisional tax declared and submitted for the year 2024, such revision can be made only electronically through the Tax Portal latest by 31st of December 2024.
Upon revision, the deadline for the payment of the revised downward 2nd instalment is the 31st of December 2024. However, if the payment will be made before the 31st of January 2025, no interest and penalties will be imposed.