Here is our latest news from Fairfax Cyprus
Here is our latest news from Fairfax Cyprus
By 30th of June 2014 :
As from 2011 an annual levy of €350 is introduced for all companies incorporated in Cyprus payable to the Registrar of Companies. New incorporated companies between the period 01/07/2013-30/06/2014 needs to pay the 2014 annual levy also. The levy for 2014 is payable on or before 30th of June 2014.
Penalty
In case of up to a 2-month delay – 10% penalty.
In case of a delay between 2 and 5 months – a 40% penalty.
Non-payment of the levy may result in a de-registration (strike-off) of a company by the Cyprus Registrar of Companies. If a company is re-instated within a 2-year period from its strike-off a fixed penalty of €500 (in addition to the outstanding amount of the levy) is imposed. The fixed fee will be increased up to €750 where a company is re-instated after the 2-year period.
Submission of 2013 income tax return for trading individuals who do not prepare audit financial statements and their income exceeds €19,500. Payment of tax balance for 2013 through self-assessment by individuals who do not prepare audit financial statements.
By 31st of July 2014 :
Electronic submission by employers for the year 2013( Employer’s emoluments return, Form IR7). Submission of the 2014 provisional tax return and payment of the first instalment.
By 1st of August 2014:
Payment of 2013 final corporation tax under the self-assessment method. Payment of 2013 personal income tax under the self-assessment method by individuals preparing audited financial statements.
Further information contact us on +357 25558025
