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.
