The Tax Department, released an update to inform that, following the successful implementation of the compulsory electronically payment of the P.A.Y.E. Deducted that came into force as from the 1st of March 2018, the electronically tax payments will be further implemented to other taxes as well.
More specifically, as from the 1st of June 2018, the payment of the below taxes, either from self-assessment or tax imposed, that does not carry interest or penalties, will be feasible ONLY through JCCsmart. The payments will be made by completing the required fields of the corresponding taxes that are shown on the website www.jccsmart.com.cy:
| TAX CODE | DESCRIPTION |
| 0114 |
REDUCTION IN SALARIES AND WAGES OF THE BROADER PUBLIC SECTOR |
| 0200 |
TEMPORARY INCOME TAX |
| 0300 |
INCOME TAX (SELF ASSESSMENT FOR INDIVIDUALS AND FOR COMPANIES AND OTHER LEGAL PERSONS) |
| 0602 |
DEFENCE CONTRIBUTION WITHHELD – FROM INTEREST AT SOURCE |
| 0604 |
DEFENCE CONTRIBUTION SELF ASSESSMENT – ON RENTAL INCOME BY OWNER |
| 0612 |
DEFENCE CONTRIBUTION SELF ASSESSMENT – ON INTEREST RECEIVED WITHOUT DEDUCTION AT SOURCE |
|
0603 |
DEFENCE CONTRIBUTION WITHHELD – FROM DIVIDENDS AT SOURCE |
| 0613 |
DEFENCE CONTRIBUTION SELF ASSESSMENT – ON DIVIDENDS RECEIVED WITHOUT DEDUCTION AT SOURCE |
|
0614 |
DEFENCE CONTRIBUTION WITHHELD – FROM RENTS AT SOURCE (by tenant) |
| 0623 |
DEFENCE CONTRIBUTION ON DEEMED DIVIDENDS |
ONLY the tax payment that carries interest and penalties or constitutes payments of “0200 – Temporary Income Tax for Individuals and Legal Persons” after submitting Revised Return, can be processed at the District Collection Offices.
Contact us to see how Yiallourides & Partners Ltd can assist you with any tax inquiries you may have.
T: +357 25 44 31 32
W: www.ayca.com.cy
E: info@ayca.com.cy