What is the HE32 annual return in Cyprus?
The HE32 is the annual return filed with the Registrar of Companies within 28 days of the company's annual-return date, with financial statements attached. The fee is €20, and late filing costs €50 plus €1 a day, capped at €150.
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Detailed Explanation
## What it is
Every Cyprus company files an annual return, the HE32, with the Department of Registrar of Companies and Intellectual Property (DRCIP). It is made up to the company's annual-return date and filed within 28 days.
## The date
The first annual-return date falls 18 months after incorporation, then each year. Finn asks for the incorporation date to work out the first one.
## What to attach
The previous year's financial statements are attached to the return.
## Fee and penalty
The filing fee is €20. Late filing costs €50 plus €1 for each day of delay, capped at €150, for 2021 and later returns.
## Separate from tax
The HE32 is separate from the corporate tax return, the TD4, which goes to the Tax Department on a different timetable.
## What Finn does
Finn tracks the annual-return date and the 28-day window. You file with the Registrar.
Source: https://www.companies.gov.cy/en/business-entities/2-company/5-lifecycle/1-running-a-company/5-guidance/filing-annual-returns-and-accounts/when-do-i-need-to-file-an-annual-return
Real-World Examples
Annual-return date 30 June
The company files by 28 July with financial statements attached.
Late filing
A company files 100 days late. The charge is capped at €150.
New company
A company incorporated this year works out its first date 18 months after incorporation.
Common Mistakes to Avoid
- Confusing the HE32 with the TD4
- Missing the 28-day window
- Paying the abolished €350 levy
- Not attaching financial statements
Frequently Asked Questions
Who receives the HE32?
The Registrar of Companies (DRCIP).
How long do I have?
28 days from the annual-return date.
What is the fee?
€20.
What is the penalty?
€50 plus €1 a day, capped at €150.
When is the first return?
18 months after incorporation.
Practical Tips
- Diarise the annual-return date and the 28-day end
- Prepare the financial statements early
- Check no levy is being paid
- Keep the filing confirmation
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