Withholdings on Dividend and Interest Payments – Extension of Deadline for Submission of Declarations

Further to our previous newsfeed on this, the Tax Department announced on 26 January 2022 that the deadline for electronic submission of the declarations for Special Contribution for Defense (SCD) and General Healthcare System (GHS) contributions withheld on dividend and interest payments made during the period from 1 January 2019 until 31 December 2021 is extended from 31 January 2022 to 31 March 2022.

It is further clarified that the declaration for deemed dividend distribution with the code TD623 has been replaced with the Corporation Tax return of the year in which the profits are generated and the year in which the deemed dividend distribution on these profits needs to be performed, as well as with the declaration mentioned above for SCD for December by answering “Yes” to the question whether the dividend concerns deemed distribution.

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