Giorgos Agapiou2024-12-20T15:50:01+03:00The deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the tax year 2022.
Profits subject to deemed dividend distribution
In accordance with the legislation, a company which is a tax resident of Cyprus, will be deemed to have distributed as dividend 70% of its accounting profits arising in 2022. The deemed dividend will be considered as having been distributed two years from the end of the year it relates to. Therefore for 2022 the date of deemed distribution is 31 December 2024 (Last date of payment 30th January 2025). The deemed distribution provisions are not applicable to the profits attributable to shareholders who are non-Cyprus tax residents.
Any...
