Provisional Tax 2nd Installment 2025
In accordance with the Assessment and Collection of Taxes Law, every company or individual deriving income other than from emoluments is required to pay temporary tax based on estimated taxable profits for income (corporate) tax purposes for the relevant tax year.
Payment Schedule:
The temporary tax is payable in two equal instalments as follows:
- 1st Instalment: by 31 July 2025
- 2nd Instalment: by 31 December 2025
Late Payment:
If any instalment is not settled by the end of the month following its due date (i.e. by 31 August 2025 and 31 January 2026, respectively), interest will accrue.
- The current interest rate is 5.50% per annum, calculated on a monthly basis for each completed month of delay.
We recommend that the payments be made promptly to avoid interest charges.
Please let us know if you require assistance in calculating or submitting your temporary tax payments.
FOR ADVICE AND ASSISTANCE, PLEASE CALL US OR SEND US AN EMAIL.
Click https://bit.ly/relikor for more news and update.