ARTICLE
16 April 2013

Extension Of Deadlines For Payment Of Taxes And Other Amounts

EN
Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
In view of recent disruptions in the Cyprus banking system, a number of deadlines have been revised in order to better assist the public.
Cyprus Finance and Banking

In view of recent disruptions in the Cyprus banking system, a number of deadlines have been revised in order to better assist the public. If payment is made by the new deadline no penalty or surcharge will be incurred.

We are currently aware of the following:

  • Company levy - Department of Registrar of Companies and Official Receiver
    The period allowed for payment of the annual fee of €350 has been extended to 26 April 2013 instead of 29 March 2013.
  • Payment of tax, contributions and levies - Inland Revenue Department
    The period allowed for payment of tax, contributions and levies initially due by 31 March 2013 has been extended to 30 April 2013.
  • Cyprus registry maintenance annual fee and tonnage tax  - Department of Merchant Shipping The date for the payment of the Cyprus registry maintenance annual fee and tonnage tax for the 2013 tax year has been extended to 15 April. Payment can be made in Cyprus, at anyCyprus diplomatic or consular mission abroad or electronically via the Department of Merchant Shipping's website.

We will announce any further changes as we become aware of them.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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