Standard News Friday, 16 February 2024

Reduction of fine to companies for Annual Reports

Following the Tax updates of the Cyprus Chamber of Commerce and Industry, we inform you that, yesterday's decision of the plenary of the House of Representatives amended the Companies Law so that the ceiling of the total charge for late submission of annual reports (HE 32) does not exceed one hundred and fifty euros (€150) for each violation instead of the five hundred euros (€500) currently in force.

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