TEMPORARY TAX ASSESSMENT – 2023
Published
Temporary Tax Assessment of the estimated net taxable profit for the year 2023 (if any), should be submitted to the Tax Authorities by 31st of July 2023. The resulting tax is payable in two equal installments as per the following deadlines:
- 1st instalment: 31st of July 2023
- 2nd instalment: 31st of December 2023
Any final resulting tax liability for the year 2023 should be settled by 1st of August 2024.
Your estimation of the taxable profit (if any) must be as close as possible to the actual net taxable profit of the company and any taxes underestimated may be liable to a 10% surcharge.
It is important to note that companies with no taxable profits do not need to deal with the submission of this return.
Note that the temporary tax relies on the management’s best estimate.
For any further information, or if you would like us to proceed with assisting you with the above, please do not hesitate to contact us.