13 Jan Dividend Distribution
Posted at 09:31h in News
Tax Resident Companies of Cyprus must perform a dividend distribution, 70% of their profits for the tax year 2019 until 31
December 2021 and pay the special defense contribution of 17%, as well as GESY contribution of 2.65% until January 31, 2022.
If the actual dividend distribution is not completed as above before the 31st of December 2021, the provisions of the deemed distribution will apply. That is, it will be deemed that they have distributed 70% of the profits and special defense contribution of 17%, as well as a contribution to GESY of 2.65% will be imposed, payable by January 31, 2022.
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