Extension to deadline for submission of 2021 annual company levy

We would like to bring to your attention that the deadline for payment of the 2021 annual company levy of €350, which was due on 30^th June 2021, has been extended to 31^st December 2021.

The Cyprus House of Representatives has voted and approved an amendment to the Cyprus Company Law, Cap.113, which was published in the Official Gazette on 7^th July 2021, and applies retrospectively since 30^th June 2021.

According to the amendment, the deadline for payment of the annual company levy for the year 2021 is extended up to and including 31^st December 2021, without the imposition of any penalties.

Moreover, the amended Law grants power to the Minister of Energy, Commerce and Industry to further extend the deadline via the issuing of a Decree.

The extension was deemed necessary, due to the adverse financial situation caused by the Covid-19 pandemic.