Cyprus companies pay 12.5% income tax annually, submit financial statements and undergo an audit. In addition, companies registered in Cyprus are subject to an annual government fee of €350. This fee must be paid by June 30 annually. In case of two-month delay, the fee increases by 85 euros.
Please be aware of the following fines for the failure to pay the fee:
- a fine of 190 euros for a 2-5-months delay;
- forced liquidation in case of 5+ months delay.