On 30 June 2022, the House of Representatives of Cyprus voted for an amendment to the Company Law Cap. 113, extending the deadline for the payment of the Annual Levy by registered companies for the year 2022 from 30 June 2022 to 31 December 2022 (in Greek click here).
The extension was proposed in response to the inflationary pressures on the prices of basic goods and services from the Ukraine-Russia events and the prolonged effects from COVID-19 which continue to affect people and the economy in general.
Further, the amendment gives authority to the Minister of Energy, Commerce and Industry to further extend the deadline for the payment of the Annual Levy for year 2022 by the issuance of a Decree, if the above conditions do not improve.
We remain at your disposal for any further clarifications may be needed.
