Provisional Tax obligation
As per the Assessment and Collection of Taxes Law, every company and individuals (with taxable income other than salaries, pensions, dividends and interest) must declare before 31 July of the assessed tax year an estimate of the taxable profit for (corporate) income tax purposes and pay the resulting tax liability in two installments.
Final Tax obligation
In addition, as per the aforementioned law, any final tax balance due should be paid within the following year of the assessed tax year.
For further information please find below the relevant PICCO Newsletter:
PICCO Newsletter – 2019 Provisional Tax & 2018 Final Tax payment