The Government of Cyprus issued in March some formal announcements with the aim of supporting Cyprus companies which have been affected by the restrictive measures imposed and due to the spread of COVID-19.
These announcements are related to the following:
The deadline for the payment of the Annual Levy for 2020 has been extended from 30 June to 31 December 2020 without the penalty charge of 10% or 30%.
Annual Returns (HE32)
Annual Returns dated from 1 January 2020 to 31 December 2020 may be submitted to the Registrar until 28 January 2021 without any penalty for late submission.
Striking – Off of non-compliant companies
The publication in the Official Gazette of Cyprus for the striking-off of non-compliant companies is suspended until January 2021.
Penalties for late submissions
The penalties relating to late submissions to the Registrar of Companies, which was due to be implemented on April 2020 has now been postponed to 2021.