“Dormant Companies”
For the definition of “dormant companies”, the relevant Circular of the Inland Revenue Department dated 30.1.2014 is adopted.

The supporting evidence that must be submitted for the classification of a legal entity as “dormant” is as follows:
•A certificate (on a special form) from the approved Auditor who signs the Auditors’ Report on the company’s financial statements, stating that the company remained dormant for the specific year, based on the interpretation given in the relevant circular of the Inland Revenue Department dated 30.1.2014.
•In the event that the company has not prepared financial statements, the above Certificate must be signed by an independent approved Accountant/Auditor or an independent licensed Lawyer.
•The special form is available at the Municipality’s Financial Department, at the Citizen Service Offices in each Municipal District and on the Municipality’s website.
The closing date for the submission of objections is set at 30 January 2026.
Annual taxes will be payable by 28 February 2026.

From 1 March 2026, a surcharge of 10% will be imposed on outstanding amounts.