M. Target Group hereby informs of the submission deadlines as announced by the Cyprus Tax Department in respect to the electronic declarations of withheld Special Defence Contributions (SDC) and contributions to the General Healthcare System (GeSy).
It should be noted that the below electronic forms have replaced printed forms 61AΤ and 61AM and can now only be submitted through the TAXISnet online system:
- Form T.D.602 – Declaration of withheld Special Contribution for Defence (SDC) and National Health Contribution from Interest, and
- Form T.D.603 – Declaration of withheld Special Contribution for Defence (SDC) and National Health Contribution from Dividends.
The submission deadlines are as follows:
- The declarations for January 2019 to December 2021 will need to be submitted by 31 January 2022;
- The declarations from January 2022 onwards will need to be submitted by the end of the month following the month of the declaration/withholding.
The submission of T.D.602 and T.D.603 is obligatory and failure to submit them within the statutory deadlines carries a €100 penalty per return. They should be submitted from the year 2019 onwards.
Once the forms are submitted, the relevant assessments will be issued by the Tax Portal.
As always, M. Target Group specialists remain at your disposal should you require any further information, clarification or professional assistance with any tax matter.