What is the annual government levy.

What is the annual government levy.

Updated 09/03/2022

Every Cyprus incorporated company is obliged to pay a yearly annual fee to the government; this is called the Annual Levy. The Annual Levy is €350 for every company and is payable from the year of the company’s inception.

After the year of registration, the annual levy must be paid by the latest, 30th of June of each year. In the case of a group of companies the total amount payable is capped at €20.000.

Late Payment Will Result In The Following Penalties:

10% penalty when there is up to 2 months delay (up to 31/08):  Total amount €385,00

30% penalty when there is delay between 2 to 5 months (up to 30/11): Total amount €490,00

Non-payment of the annual levy to the Cyprus Registrar of companies will result in deregistration.

You can pay the annual levy by visa card online.

As to how to do that please refer to other articles on our website under the tag

https://www.lawyer.com.cy/tag/annual-government-levy/