ARTICLE
3 January 2018

Payment Of Second Instalment Of Tax Liabilities For 2017 Under Self-Assessment

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The Cyprus Tax Department has issued a reminder that 31 December 2017 is the final date for payment of the second instalment of income tax for 2017 under the self-assessment scheme...
Cyprus Wealth Management

The Cyprus Tax Department has issued a reminder that 31 December 2017 is the final date for payment of the second instalment of income tax for 2017 under the self-assessment scheme, which applies to companies, self-employed and other individuals whose remuneration is not taxed by deduction at source by the employer, and for Special Defence Contribution on rents received.

Up to the due date payment may be made on-line via the Internet at any time or at local tax offices during business hours. If the taxpayer revises the self-assessment, payment must be made at a tax office.

After 31 December 2017 payments are considered overdue and are subject to interest and penalties, and must be made at the tax office.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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