The tax department of Cyprus has recently issued a circular on provisional tax payment. The department clarified that companies and self-employed individuals whose income is not subject to tax withholding by the employer are required to pay the second instalment of their estimated income tax liability for 2016 under the self-assessment scheme by 31 December 2016.

Payment may be made online or at District Tax Collection Offices until that date. For revised income estimate payment must be made at the tax office. After 31 December 2016 payments are regarded as late and are subject to interest and penalties, and may only be made at District Tax Collection Offices.