We would like to remind you that all companies incorporated in Cyprus, irrespective of whether they are active or not, or have assets or not, are subject to a €350 levy per annum.
The last day of payment of the annual levy for the year 2022 is the 30th of June 2022. For a late payment of the 2022 Annual Levy, a penalty will be imposed from the Registrar of Companies.
You can proceed with the payment of the annual levy online, through JCCsmart.
Otherwise, we can take over the payment of the Annual Levy on your behalf. The procedure that you need to follow is the following:
1. Transfer the amount of €380 (€350 for the levy payment + €30 to cover our fees and bank charges) to our Clients' Account found below, by 10/06/2022:
CosmoCo Ltd (Clients A/C)
Bank of Cyprus Public Ltd
Account Number: 357003572612
IBAN: CY18002001950000357003572612
SwiftCode: BCYPCY2N
2. On the bank transaction details, indicate "Annual Levy" and your Company Name.
3. Send us a confirmation e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. requesting the annual levy payment along with an attachment of the bank transfer confirmation, by 10/06/2022.
If you have already paid the 2022 Annual Levy, please ignore this announcement.
Please be informed that the last day for the submission of the 2021 employer's TD7 return is the 31st of May 2022.
For any further information, please do not hesitate to contact us.
Contact person
Stelios Ioannou
This email address is being protected from spambots. You need JavaScript enabled to view it.
+357 22 100 192
Managing Director
The Tax Department has announced that the 2021 Personal Income Tax Return (T.D. 1 form) is available for submission via the TaxisNet system.
Obligation for the submission applies to:
- Employees and pensioners (T.D.1 – Employee) whose gross income exceeds €19.500, and
- Self-employed individuals (T.D.1 – Self-Employed) with a turnover that does not exceed the amount of €70.000 and who do not have obligation to prepare audited financial statements.
The deadline for the submission of the Return is on 31/07/2022. Prerequisite for the submission of the Return is the registration to the TaxisNet System.
For any further information, please do not hesitate to contact us.
Contact person
Stelios Ioannou
This email address is being protected from spambots. You need JavaScript enabled to view it.
+357 22 100 192
Managing Director
The Minister of Finance has extended the deadline for the submission of 2020 income tax returns of companies (T.D.4 form), as well as self-employed individuals whose turnover exceeds the amount of €70.000 and have the obligation to prepare audited accounts (T.D.1 form for self-employed).
The submission deadline has been extended from 31 March 2022 to 31 July 2022.
For any further information, please do not hesitate to contact us.
Contact person
Stelios Ioannou
This email address is being protected from spambots. You need JavaScript enabled to view it.
+357 22 100 192
Managing Director