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EY Cyprus COVID-19 Updates

Cyprus Anti-COVID19 Measures in Shipping Sector

Extension of deadline for payment of the Cyprus Registry Maintenance Annual Fee and of the tonnage tax for Cyprus flagged vessels until 31 May 2020

In an effort to support shipping companies and owners of Cyprus flagged vessels facing challenges of COVID-19 outbreak, Cyprus Shipping Deputy Ministry (‘SDM’) has extended the date of payment of the Cyprus Registry Maintenance Annual Fee and of the tonnage tax for Cyprus flagged vessels until 31 May 2020 (instead of the normal deadline of 31 March 2020). The relevant Notification will be published in the Official Gazette of the Republic.

SDM offices electronic operation

For the smooth operation and the effective provision of quality services SDM has put in place special arrangements in order to ensure protection of public health. In particular, SDM has closed access to its offices to public until 30 April 2020 (or until further notice). For this reason, the public is kindly advised to submit electronically all requests and enquiries according to the relevant SDM Circular 6/2020 which provides email addresses depending on the topic of the enquiry/application and the description of the respective temporary procedure to follow.

 

For additional information with respect to this Alert, please contact the following:

 

Kyriakos Christodoulou

Associate Partner, Audit Services

Tel: +357 25 209 707

kyriakos.christodoulou@cy.ey.com

 

Myria Saparilla

Associate Partner, Tax Services

Tel: +357 25 209 737

Myria.Saparilla@cy.ey.com

 

Olga Chervinskaya

Senior Manager, Tax Services

Tel: +357 25 209 736

olga.chervinskaya@cy.ey.com

 

 

 

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