New Taxisnet Declarations of withheld Special Defence Contribution (SDC) and National Health contributions from Interest and Dividends
The withholding of Special Defence Contribution and National Health Contribution on interest and dividends, will be declared from now on only by electronic tax declaration forms, through the Taxisnet online system, using their unique taxisnet codes.
- Form T.D.602 (replacing form TD61AT)- Declaration of withheld Special Contribution for Defence and National Health Contribution from Interest, and
- Form T.D.603 (replacing form TD61AM)- Declaration of withheld Special Contribution for Defence and National Health Contribution from Dividends.
Since National Health Contributions are not exempt for non-domiciled shareholders (which is the case for defence fund contributions) all Cyprus companies with Cyprus tax resident shareholders distributing dividends or interest, are obliged to submit the aforementioned forms.
For each withholding, the respective analysis should be submitted along with the payment by the end of the month following the month in which the withholding was made.
The fine for non or late submission of the relevant forms will be €100 per return.
- Within deadline: JCC Smart Website and through the Tax Portal
- After the respective deadline: only via the Tax Portal