{"id":1766,"date":"2019-11-24T10:11:21","date_gmt":"2019-11-24T08:11:21","guid":{"rendered":"https:\/\/fzmayuxbif.wpdns.site\/?p=1766"},"modified":"2023-07-11T10:12:43","modified_gmt":"2023-07-11T07:12:43","slug":"new-penalties-for-late-submission-of-annual-returns-he32-to-the-registrar-of-companies-in-cyprus","status":"publish","type":"post","link":"https:\/\/www.kyprianou.com\/zh-hans\/new-penalties-for-late-submission-of-annual-returns-he32-to-the-registrar-of-companies-in-cyprus\/","title":{"rendered":"New penalties for late submission of Annual Returns (HE32) to the Registrar of Companies in Cyprus"},"content":{"rendered":"<p>The Registrar of Companies in Cyprus has introduced new penalties for the late submission of the Company\u2019s Annual Return (HE32), effective from the 18 December 2019.<\/p>\n<p>All Cyprus companies are required by law to file their Annual Return to the Registrar of Companies in Cyprus, which must be accompanied by the Company\u2019s audited financial statements of the previous year.<\/p>\n<p>Further to the new amendments of the Cyprus Company Law, annual returns of Cypriot companies for all previous years shall be submitted to the Cyprus Registrar by 18th\u00a0December 2019, in order to avoid penalties.<\/p>\n<p>Penalties for Annual Returns for all years up to 2018 inclusive<\/p>\n<p>Annual Returns for all years up to 2018 inclusive, should be submitted to the Registrar of Companies by the 18th\u00a0December 2019, in order to avoid the new penalties.<\/p>\n<p>Penalties for Annual Returns for 2019 and future years<\/p>\n<p>HE32 for the year 2019, accompanied by 2018 audited financial statements shall be submitted on or before 28 January 2020. Any delay in submitting the 2019 Annual Return will result in the following additional penalties:<\/p>\n<ul>\n<li>\u20ac50 one-time penalty; plus<\/li>\n<li>\u20ac1 for each day of delay during the first six months and then \u20ac2 for each day after the first six months, up to a maximum total of \u20ac500<\/li>\n<\/ul>\n<p>Example 1: If the Cyprus Company had to submit its annual return of 31 December 2017 accompanied by the audited financial statements of the year 2016, by 28 January 2018 and it did not do so, then, there will be a total charge of \u20ac40.<\/p>\n<p>Example 2: If the Cyprus Company had to submit its annual return of 31 December 2019 accompanied by the audited financial statements of the year 2018, by 28 January 2020 and it did not do so, then, there will be a charge of \u20ac20, plus a penalty of \u20ac20 and then an additional penalty of \u20ac50 and \u20ac1 per day of delay, during the first six months and then \u20ac2 for each day of delay after the six months, up to a maximum of \u20ac500.<\/p>\n<p>Further to the above amendments, since Cyprus Companies\u2019 Annual Returns can only be submitted to the Registrar of Companies, accompanied by the audited financial statements of the previous year, it is important that all audited financial statements up to the year 2018 inclusive are prepared.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Registrar of Companies in Cyprus has introduced new 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