The Cyprus Tax Authorities have replaced the hard copy tax declaration forms relating to the withholding of Special Defence Contribution and National Health Contribution on interest and dividends with electronic ones.
The digital 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 and National Health Contribution from Interest, and
- Form T.D.603 – Declaration of withheld Special Contribution for Defence and National Health Contribution from Dividends.
It is emphasized that Cyprus companies having non-domiciled shareholders will also have the obligation to submit the above-mentioned forms to declare the withholding of the National Health Contributions on the interest and dividend payments.
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.
It is noted that payments that are made on time can be made through the Tax Portal and via JCC Smart website, while payments made after the respective deadline can only be made via the Tax Portal.