Elena Argyropoulou & Associates LLC

Professional Tax imposed by Limassol Municipality

Professional Tax imposed by Limassol Municipality

By announcement made on 4 December 2019, following a resolution of the Municipal Council of Limassol dated 26th of September 2019 and on the basis of sections 104 and 105 of the Municipalities Law 111/1985, Limassol Municipality has decided to impose an annual professional tax on legal entities whose registered office is located in Limassol and/or business is administrated by law firms and/or accounting/auditing firms and/or firms providing administrative services, as follows:

  • For legal entities that work independently, the annual fee of €150,00 shall be payable.
  • For legal entities belonging to a group of companies, the annual fee of €85.00 per legal entity shall be payable.
  • For dormant legal entities (companies that have been registered in Cyprus but are not carrying out any kind of business activity or receiving any form of income), the annual fee of €50,00 shall be payable.

For more information or clarifications, you can contact us at info@argyropouloullc.com.