Deadline for the submission of forms T.D.602 and T.D.603 extended to 31 March 2022
Updated: Aug 20
The Tax Department has announced that the deadline for electronic submission of declarations for SDC and GHS contributions withheld on interest (T.D. 602) and dividend (T.D. 603) payments has been extended to March 31, 2022.
Following our previous alert dated January 13, 2022, the Tax Department has announced that the deadline for electronic submission of declarations for SDC and GHS contributions withheld on interest (T.D. 602) and dividend (T.D. 603) payments has been extended to March 31, 2022. After this date, a fixed penalty of €100 will be applied to all submissions. It should be noted that t he extension does not apply to the payments and thus, the statutory deadline for paying SDC and GHS contributions withheld from actual dividends paid or deemed dividend distributions as at December 31, 2021 (out of profits for 2019) remains January 31, 2022. (with an additional month of grace period for settlement without interest and penalties). Payments should be remitted through internet banking, using the unique Payment Reference Number (PRN) provided by the Tax Portal after the liability has been created (self-assessment). Interest and penalties will apply to payments made after February 28, 2022. Furthermore, as per the announcement, the Form T.D. 623 for Deemed Dividend Distribution (DDD) has been effectively replaced by Form T.D.603. To ensure that the form is considered related to DDD, taxpayers must confirm this by answering the question "Does the dividend relate to Deemed Distribution?" as shown below:
It should be noted that Form T.D. 603 for DDD must be submitted starting from 2019 (year of profits: 2017) if there was an obligation to withhold SDC and/or GHS contributions on the deemed dividends.
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