Cyprus Tax News: Submission deadline of SDC and GHS contributions extended

The deadline for the electronic submission of the declarations for Special Defence Contribution (SDC) and General Healthcare System (GHS) contributions withheld on interest (T.D. 602) and dividend (T.D. 603) payments, has been extended to 31 March 2022.

Submissions made after this date will be subject to a fixed penalty of €100.

It is clarified that the extension does not apply to the settlement of any amount due.

Therefore, the statutory deadline for the payments of SDC and GHS contributions withheld from actual dividends paid or deemed dividend distributions as at 31 December 2021 (out of the 2019 profits) remains 31 January 2022.

Payments should be made via internet banking, using the unique Payment Reference Number (PRN) made available by the Tax Portal following the creation of a liability (self-assessment).