Levy TAX for 2019
Levy tax for 2019 of a €350 is now due for payment for ALL CYPRUS COMPANIES.
Please note that the deadline for the payment is 30/06/2019. The following penalties will be imposed for failure to pay the 2019 levy by the 30th of June:
The amount due to be paid is €385, if paid between 01/7/2019 – 30/08/2019; the amount due to be paid is €490, if paid between 01/09/2019 – 30/11/2019.
Kindly note that each company that has pending levy payments from previous years may also proceed with the settlement of the outstanding fees as follows:
€350 for 2011 - Dormant companies are exempted from paying the levy for 2011;
€490 for 2012 - Dormant companies are exempted from paying the levy for 2012;
€490 for 2013;
€490 for 2014;
€490 for 2015;
€490 for 2016;
€490 for 2017;
€490 for 2018.
Non-payment of the levy may result in the strike off of the company from the Registry. The reinstatement of the company to the Registry can be effected in some cases through Court decree and in some other by an application of the directors and/or the shareholders of the company to the registrar of companies and payment of the applicable reinstatement fees in addition to the outstanding amount of levy.