New tax forms
The Tax Department has issued new forms regarding declarations of withheld Special Defence Contributions (SDC) and General Healthcare System (GHS) contributions from Interest (T.D.602) and Dividends (T.D.603/T.D.623).
Deadlines
The deadline for the electronic submission of the declarations for SDC and GHS contributions withheld on interest and dividend payments, made during the period from 1 January 2019 until 31 December 2021, is the 31st of January 2022.
For payments made from 1 January 2022 onwards, the declarations must be submitted by the end of the month following the month in which the withholding was made (i.e. the deadline is the same date as the due date of the payment of SDC and GHS contributions withheld).
Penalties for failure to submit the forms
A penalty of €100 will be imposed for failure to submit the declarations within the deadline.
Obligation to submit the declarations
The submission of the declarations is mandatory for withholdings of SDC (collection codes 602 and 603) and GHS contributions (collection codes 702 and 703) made from the year 2019 onwards (year of commencement of the GHS). The electronic submission should be made irrespective of any previous payment of taxes or completion and submission of manual forms.
The relevant declarations, which should be submitted via Taxisnet, are the following:
- T.D. 602 – Declaration of withheld Special Contribution for Defence (SDC) from Interest, and
- T.D. 603 – Declaration of withheld Special Contribution for Defence (SDC) from Dividends.
The Tax Department has uploaded on its webpage a Guide for completing T.D. 602 and T.D.603/T.D.623.
Payments
With the final submission of the declarations, the tax due is automatically created in the tax system and it appears in the Tax Portal the next working day. Payments can then be made via internet banking, using the unique Payment Reference Number (PRN) shown in the Tax Portal.
We remain at your disposal for any further clarifications may be needed.
