Cyprus:
Cyprus Tax Facts 2021 - Company Levy
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All companies incorporated in Cyprus are required to pay a fixed
annual levy of €350 to the Registrar of Companies. The maximum
levy for groups is set at €20.000.
The levy must be paid by 30th of June of each year.
In case where the levy is not paid within the prescribed period
the following penalties will apply:
- 10 % penalty if the levy is not paid within 2 months.
- 30 % penalty if the levy is not paid within 5 months.
- If the levy is not paid within 5 months the Registrar of
Companies will remove the company from its registry. The return of
the company to the registry can be effected within two years with
the payment of a levy of €500 per annum and thereafter with
the payment of a levy of €750 per annum.
Originally published 03 February 2021
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
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