3016 Limassol, Cyprus

41, Misiaouli & Kavazoglou Street, 2nd Floor, Office 201

+357 25 87 14 14

41, Misiaouli & Kavazoglou Street, 2nd Floor, Office 201

+357 96 63 66 26

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Deadline for Submitting Declarations of Withheld SDC and GeSy Contributions is Extended till March

Further to our previous alert on the deadline for electronic submission of the declarations for SDC and GeSy contributions withheld on interest and dividend payments, М. Target Group would like to inform that the Tax Department has extended the deadline till 31 March 2022.
Submissions made after this date will be subject to a fixed penalty of €100.

It is also clarified that the extension does not apply to the payments. Therefore, the statutory deadline for the payments of SDC and GeSy contributions withheld from actual dividends paid or deemed dividend distributions as at 31 December 2021 (out of the 2019 profits) remains 31 January 2022 (with an additional month of grace period for settlement without interest and penalties).

As always, M. Target Group specialists remain at your disposal should you require any further information, clarification or professional assistance.


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