Late Filing Penalties of the Annual Return (HE32 Forms) for Companies in Cyprus

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Eurofast would like to inform you that from April 1^st, 2021, the Registrar of companies shall impose penalties for every company that fails to timely file its annual return.  

Upon the first day of non-compliance the late filing fee shall amount to fifty euro (€50) plus a further charge of one euro (€1) for every day for the first 6 months, raising up to two euro (€2) for every day thereon, up to the maximum amount of five hundred euro (€500).  

The said announcement, refers to the annual return (HE32) for the financial year 2021, that will accompany with the financial statements of the year 2020. 

For further information relating to the DAC6 Implementation in Cyprus,  please contact Constantinos Pavlou, Advocate/Legal Consultant. 

Eurofast is a regional business advisory organisation employing local advisors in over 22 cities in South East Europe & Middle East . The Organisation is uniquely positioned as one stop shop for investors and companies looking for professional services in South East Europe & Middle East. 

17/3/21