Extension of deadlines for the payment of the Annual Levy for Cyprus Companies

Extension of deadlines for the payment of the Annual Levy for Cyprus Companies and for compliance with the Annual Return Submission

As part of the measures taken by the Cyprus Government to support companies and/or businesses affected by the pandemic of COVID-19, the deadline for the payment of the Annual Levy for the year 2020 has been extended from 30th June to 31st December 2020 without the penalty charge of 10% or 30%.
Furthermore, Cyprus Companies that do not comply with the filings of their Annual Returns and are subject to be struck off by the Registrar, are provided a 3 months’ grace period to comply with the filing requirements.
The process of publication in the Official Gazette of Cyprus for the striking-off of non-compliance companies has been suspended until January 2021.

For any further queries and/or clarifications do not hesitate to contact us.