Useful information

1.  Real Estate Buying in Cyprus … read full text

2. For companies which are registered from the 01/07/2013 until 30/06/2014, the Annual Fee for 2014 is payable until the 30th of June 2014.

All companies which were excluded in 2012 from payment of the Fee (dormant, with no assets in Cyprus etc.) are now required to pay the Fee of € 350 for the year 2012 until the 31st of July 2013.

All companies which have not paid the annual fee for the year 2012 until the 31st of July 2013 will be liable to a surcharge of 10% for two months thereafter that is they will be liable to pay €385 euro until the 30 of September 2013.

If there is no payment until 30 of September 2013 those companies will be liable to a total surcharge of 40% that is they will be liable to pay €490 euro until 31st of December 2013.

If there is no payment until 31st of December, 2013 the Registrar may initiate the Striking off from the Register procedure related to those companies who had not paid the Annual fee for the year 2013.

3. The Immovable Property  Tax for 2013 is due for payment until the 15th of November this year.

All companies, organizations or individuals, residing in Cyprus or abroad, who had immovable property registered in their name in Cyprus as on 1/1/2013, are obliged to file a Declaration (IR 303) and pay the resulting Immovable Property Tax (IPT).

If the IPT is paid by the 15/10/2013 a discount of 10% on the tax paid will be allowed.

Any IPT paid after 15/11/2013 will have a 10% penalty plus interest and any other administrative charges imposed by the law.