By P. Constantinou & Co Ltd >>
Annual levy penalty calculation
In the case of non-timely payment companies are subject to additional charges determined by the late payment as follows:
- €350 + €35 (10%) = €385 for the fee paid between 1/7/2023 – 31/8/2023
- €350 + €140 (10% as above + 30%) = €490 for the fee paid between 1/9/2023 – 30/11/2023
In the event of non-payment, the Department of the Registrar of Companies may proceed to the strike-off of the company from its registry, in accordance with the provisions of the relevant legislation.
We want to clarify that the annual levy tax (€350) is paid only to the Registrar of Companies, and only using the JCCSMART website.
Please note that the annual levy is paid in accordance with the relevant “The Companies Law (Amendment) (Law 2) Law 2011 – N117 (I)/2011 and all registered companies are obliged to pay it by the 30th of June each year. The law is in force since 2011.
If you would like us to make the payment on behalf of your company, please contact us at firstname.lastname@example.org
For more information on the annual levy, please contact us >>