Employee 10% additional tax on income other than employment income

A circular issued on 19 October 2021 by the Cyprus Tax Department and referring to Article 24 of the Assessment and Collection of Taxes Law states that if a taxpayer having taxable income other than employment income (i.e. rental income) must submit a provisional tax declaration and pay the relevant income tax in two instalments. Failure to do so will result in the imposition of the 10% additional tax on that other (rental) income.