• Flexi Group

Special Defence Contributions (SDC) and General Healthcare System (GHS) contributions from Interest

Updated: Jan 28

Reminder to submit electronic declarations of withheld Special Defence Contributions (SDC) and General Healthcare System (GHS) contributions from Interest and Dividend payments.

We would like to remind you that the deadline for electronic submission of SDC and GHS contributions withheld on interest and dividend payments received between 1 January 2019 and 31 December 2021 is January 31, 2022.


Declarations must be provided by the end of the month following the month in which the withholding was effected for payments received after 1 January 2022. (i.e. the deadline is the same date as the due date of the payment of SDC and GHS contributions withheld).


Submission of declarations is mandatory

The disclosures are required for withholdings of SDC (collection codes 602 and 603) and GHS contributions (collection codes 702 and 703) made beginning in 2019 (the year the GHS began).


The following declarations should be provided using Taxisnet:

- T.D. 602 - Declaration of Special Contribution for Defence (SDC) withheld from Interest; and

- T.D. 603 - Declaration of Special Contribution for Defence (SDC) withheld from Dividends.


Penalties for non-submission of forms

Failure to submit the declarations before the deadline will result in a €100 penalty.


Payments

With the final submission of declarations, the tax due is automatically established in the Tax Department's computer system and shows the next day on the Tax Portal. Payments can then be made via online banking, using the Tax Portal's unique Payment Reference Number (PRN).

By fLEXI tEAM

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