ANNUAL LEVY DUE FOR 2017
The Annual Levy on Cyprus Companies of €350 is payable by 30th June of every calendar year. The following penalties will be imposed for failure to pay the 2017 levy by 30th June:
- €385,00 – 01.07.2017 – 31.08.2017 (10% of the levy for any delay of up to two months)
- €490,00 – 01.09.2017 – 30.11.2017 (40% for any delay over two months up to five months)
The companies that have not paid the levy before 30.06.2017 will be struck off*.
* Please note that this does not mean that the company will be effectively and permanently liquidated or “closed” since the company will continue to bear all responsibilities and obligations.
Once a company is struck off, the Register restoration fees are payable to bring the company back in Good Standing.
As always we remain at your full disposal for any information and/or clarifications you may require.