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  • Maria Pavlou

Payment of Deemed Dividend Distribution (DDD) for year 2021, as at 31 December 2023

We would like to remind you that the payment deadline for the deemed dividend distribution (DDD) for tax year 2021 is the 31st of December 2023.

Payment obligation

The DDD provisions apply to the profits of Cypriot tax resident companies that are ultimately attributable to shareholders which are Cypriot tax resident and Cypriot domiciled individuals.

The provisions apply where a Cypriot tax resident company has not distributed at least 70% of its after-tax profits (as adjusted for DDD purposes) within two years from the end of the tax year to which such profits relate. In such a case, the undistributed part of such adjusted profits is subject to Special Defence Contribution (SDC) at 17% and General Healthcare Scheme (GHS) at the rate of 2,65%.


Late payment of the SDC and GHS contributions due will be subject to interest at the current rate of 2,25% per annum and to a 5% penalty on the tax due. An additional penalty of 5% on the tax due may be imposed if the tax remains unpaid two months after the above due dates.

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We would like to remind you that the payment deadline for the 2nd provisional tax instalment for tax year 2022 is the 31st of December 2022. Payment obligation The following persons should consider wh

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