Filenews 30 January 2021 - by Vasos Vassiliou
Fees of up to €10,000 a year will be levied on companies operating within the boundaries of municipalities, based on the bill promoted as part of local government reform.
According to the relevant table, €10,000 per year will be paid by limited liability companies carrying out insurance, steam, maritime, air or banking operations, as well as finance agencies and portfolio management companies.
Fees of €10,000 per year will also be paid by public companies (domestic/foreign).
The bill also provides that workers at the boundaries of municipalities will pay an annual fee as follows: Craftsmen and self-employed €50.
Freelancers, such as doctors, lawyers, architects, engineers, traders, industrialists and entrepreneurs, working as individuals will pay an annual fee of €200.
Limited liability companies carrying out insurance, steam, maritime, air or banking operations, as well as finance agencies and portfolio management companies will pay a fee of €1,000 per year.
Private companies: domestic, foreign, controlled by foreigners or non-foreigners who have a number of employees not exceeding 5, will pay a fee of €150 per year.
Companies that have a number of employees exceeding 5 will but do not exceed 15 will pay €250.
Companies that exceed 15 but do not exceed 30 will pay €350.
Companies with a number of employees exceeding 30 will pay €500.
Public companies, domestic, foreign or controlled by foreign or non-foreign, will pay an annual fee of €1,000.
General and limited partnerships, cooperatives and consortia which have:
(i) number of employees not exceeding 5, will pay €150
(ii) number of employees exceeding 5 but not exceeding 15, €250
(iii) number of employees exceeding 15 but not exceeding 30, will pay a fee of €350
(iv) number of employees exceeding 30, will pay €500
Natural or legal persons who do not fall into any of the above categories will pay €300
Premises starting to operate in the second half of the year shall be subject to a six-monthly fee, which shall be set at half of the above fees.
