North Cyprus has reopened the 7.5% withholding on undistributed corporate profits for a further 15 days. Decree Law 88/2026, published on 31 July 2026, changes only the filing period; in practice, those who already filed need do nothing, and those who missed the window can apply again on identical terms. The full regime is in our Decree Law 45/2026 article.
When Is the Deadline?
Article 7(2) of Decree Law 88/2026 requires taxpayers wishing to benefit to apply to the Revenue and Tax Office no later than the close of business on the fifteenth day following the day the decree was passed. The decree was approved by Council of Ministers decision Ü(K-I)1659-2026 and came into force on 31 July 2026. The fifteenth day after that date falls on 15 August 2026, which is a Saturday. The decree contains no rule for a deadline landing on a non-working day, and "close of business" points to a working day, so filing by the close of business on Friday 14 August 2026 is the safe course. The same window must also fit the distribution resolution and the up-front payment.
