The Provisional tax for 2018 is payable as follows:
- 31/07/2018
Submission of return and payment of 1st installment - 31/12/2018
Payment of 2nd installment – last day of revision of provisional tax (if needed)
The provisional tax return requires the estimation of the taxable profit for the current year and the payment of the respective provisional tax liability in two equal instalments.
Late submission of the return and the late payment of the installments are liable to a penalty of 5% plus interest of 3.5% on the payable amount.