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[PIO] Extension of Submission of withholding declarations for withholding tax on interest and dividends

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The Tax Department informs that the submission of the Declaration of Extraordinary Defence Contribution and GST withholding on interest (OF 602) and the Declaration of Extraordinary Defence Contribution and GST withholding on dividends (OF 603) is extended until 31 March 2022.

In addition, and following the Department's announcement dated 4/5/2021, the Department of Taxation informs that form TF623 has been replaced and in its place are submitted:


[*]Part 5.1.1.A of Declaration T.F.4 [*]Part 5.1.1.1.B of the T.F.4 Declaration of the year of acquisition of profits (base year) [*]Part 5.1.1.B of the T.F.4 Declaration of the year of Accounted Distribution and [*]the electronic form TF 603 for the 12th month by answering "YES" to the question "IS THE SHARE A REGISTERED DISTRIBUTION?". In this case, the submission is considered to be for an Accountable Distribution. Note that this form is submitted ONLY if the taxpayer has withheld or was required to withhold EAR and/or GST and must be submitted as of the 2019 Accounted Distribution year (2017 earnings base year).

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