Change in the withholding payment of Special Defense Contribution and GESY Contribution on payable rents of Legal Persons (codes 614 and 714 respectively)

Written by Demetris Nicolaides
Tax
22 February, 2024

The Tax Department informs that, according to the amending Law on Special Contribution for Defense of 2023 (Law 40(I)/2023), a person who pays rents, until June 30th and until December 31st of each year, pays the special contribution withheld (code 614) during the first and second semester of the year, instead of the previously monthly payment. The same applies to the withholding of GESY contribution on rents of Legal Persons (code 714).

The above payments are to be made through the Tax Portal via credit card or internet banking.

We are available for any additional inquiries or clarifications you may require.

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