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Imposition of Annual Professional Fees – Refuse Collection Fee and Professional Tax

Imposition of Annual Professional Fees – Refuse Collection Fee and Professional Tax

February 3, 2026 by in Announcements

The Municipality of Geroskipou informs all natural and legal persons operating within the municipal boundaries of Ierokipia (Geroskipou, Konia, Timi, Agia Marinouda and Acheleia), or whose company has its registered office within the municipal boundaries, that the annual Refuse Collection Fee and Professional Tax have been imposed, in accordance with the decision of the Municipal Council dated 08 December 2025.

Classification of Business Premises

For the first time, a unified taxation system is being applied, classifying all business premises according to the type, activity and current use of each premises.

Submission of Objections

Businesses wishing to have their premises reassessed or reclassified may submit an objection.

Objections will be accepted only after completion of the special form, which is available:

  • at the Financial Department of the Municipality of Geroskipou, and
  • at the Citizen Service Offices in each Municipal District.

Each objection must obligatorily be accompanied by the following supporting documents:

  • Certificate of the number of registered employees from the Social Insurance Office, and
  • VAT returns for one year and/or
  • Auditor’s Certificate of the business’s turnover

 

Objections that are not fully substantiated will not be accepted.

 

The final date for the submission of objections is set for 15 February 2026.

The annual taxes are payable by 28th February 2026. From 01st March 2026, a surcharge of 10% will be imposed on outstanding amounts.

 

“Dormant Companies”

 

For the definition of “dormant companies”, the relevant Circular of the Inland Revenue Department dated 30.1.2014 is adopted. The evidence that must be submitted for a legal person to be classified 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, confirming that the company remained dormant for the specific year, based on the interpretation given by the Inland Revenue Department in its relevant circular dated 30.1.2014.
  • In cases where the company has not prepared financial statements, the above Certificate should be signed by an independent approved Accountant/Auditor or an independent licensed Lawyer.
  • The special form is available at the Financial Department of the Municipality, at the Citizen Service Offices in each Municipal District and on the Municipality’s website.

The final date for the submission of objections is set for 15th February 2026.

The annual taxes are payable by 28th February 2026. From 01st March 2026, a surcharge of 10% will be imposed on outstanding amounts.

 

 

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