All companies that are Cyprus tax residents and taxed in accordance with the Cyprus Income Tax Laws and Regulations are required to submit a temporary tax return Form T.D.6 by 31 July 2017. Temporary tax for 2017 is payable in two equal installments, on 31st of July 2017 and 31st of December 2017. The final tax for tax year 2017 should be settled by 1st August 2018. Taxpayers can also submit this form electronically via https://www.jccsmart.com/ by paying the amounts under code 0200 for 2017.
If the taxable income declared for temporary tax purposes is less than three quarters (3/4) of the taxable income as finally determined, the taxpayer must pay, in addition to the normal tax, an amount equal to one-tenth (10%) of the difference between the final and the temporary tax.