TD603 Cyprus: The GESY Declaration for Dividends Explained

TD603 is the declaration a Cyprus company files on TAXISnet to report GESY (General Health System contribution) withheld from dividend payments. The deadline is the end of the month following the dividend payment — so a January dividend requires TD603 and GESY payment by 28 February. The GESY rate is 2.65% on the gross dividend amount. For a non-domiciled shareholder, no SDC applie

Form TD603 must be filed by the Cyprus company within 30 days of paying a dividend. It declares the gross dividend, calculates 2.65% GESY on behalf of the recipient, and authorises the payment to GESY. s.

What Is TD603?

When a Cyprus company pays a dividend to its shareholders, the company is required to withhold GESY (and potentially SDC) from the gross dividend before paying the net amount to the shareholder. TD603 is the form the company files to declare how much was withheld and remit it to the Tax Department.

Key facts about TD603:

• Filed by: the company (not the shareholder personally)
• Login: company TAXISnet credentials (not personal login)
• Portal: TAXISnet at taxisnet.mof.gov.cy (not TFA as of March 2026)
• GESY rate: 2.65% on gross dividend amount
• SDC for non-doms: 0% (exempt)
• SDC for domiciled shareholders: 5% (since January 2026, was 17%)

Who Is Affected

Every Cyprus company that pays dividends must file TD603 for each payment period. This includes:

• Solopreneurs paying themselves monthly dividends
• Companies with multiple shareholders
• Both interim dividends (paid during the year) and final dividends (declared at AGM)

A company that does not pay any dividends has no TD603 obligation.

The TD603 Deadline

GESY Calculation Example

A Cyprus company pays a dividend of €6,000 to its non-domiciled sole shareholder in April 2026.

Step-by-Step: Filing TD603 on TAXISnet

Step 1 — Prepare the Dividend Documentation

Before filing TD603, you need:

• The signed board resolution declaring the dividend
• The bank transfer record showing payment to the shareholder
• The dividend amount (gross), payment date, and shareholder TIC (Tax Identification Code)

Step 2 — Log In to TAXISnet as the Company

Go to taxisnet.mof.gov.cy. Log in using the company's TAXISnet credentials — not your personal login. The company TIC is different from your personal TIC.

If you do not have separate company TAXISnet credentials, contact the Tax Department or your accountant. Most company secretaries can assist with this.

Step 3 — Find the TD603 Form

In TAXISnet, navigate to: "Declarations" → "TD.603" or search for "Declaration of withheld Special Contribution for Defence and GHS from Dividends"

Select the period (month and year in which the dividend was paid).

Step 4 — Complete the TD603 Form

Fill in:

• Company TIC: pre-populated from your login
• Shareholder TIC: the personal 9-digit TIC of the shareholder
• Gross dividend amount: e.g., €6,000.00
• SDC withheld: €0.00 for non-dom shareholders
• GESY withheld: €159.00 (€6,000 × 2.65%)
• Date dividend was paid: e.g., 15 April 2026

If the company paid dividends to multiple shareholders in the same month, add a separate line for each shareholder.

Step 5 — Submit the Declaration

Review all figures and submit. TAXISnet generates a submission confirmation with a reference number. Save this reference.

Step 6 — Generate PRN and Pay GESY

After submission, a PRN (Payment Reference Number) is generated. Pay the GESY amount via:

• JCCSmart at jccsmart.com — enter the PRN
• Tax Portal at taxportal.mof.gov.cy — "Make a Payment"

Pay by the end of the dividend month + 1 deadline.

Step 7 — Archive Everything

Keep these documents together for each dividend payment:

1. Board resolution (signed and dated)
2. Bank transfer proof (shareholder received net amount)
3. TD603 submission confirmation (from TAXISnet)
4. GESY payment confirmation (from JCCSmart or bank)

The Board Resolution Requirement

Every dividend payment requires a signed board resolution. For a sole director company, this is a one-page document you sign yourself in your capacity as director (and separately as sole shareholder). The resolution must:

• State the dividend amount per share (or total)
• Confirm the company has sufficient profits for distribution
• State the payment date

Without a board resolution, the dividend has no legal basis. The TD603 reports the dividend declared in the resolution. Your accountant or company secretary can provide a standard resolution template.

Common TD603 Mistakes

Filing with personal TAXISnet credentials instead of company credentials — TD603 is a company declaration and must be filed under the company's TIC. Filing under your personal TIC creates a mismatch.

Calculating GESY on the net amount instead of gross — GESY is 2.65% of the gross dividend (the amount declared), not the net amount received by the shareholder.

Missing the deadline for months with large dividends — The €100 flat penalty plus 5% interest is relatively small for small dividends but significant for large ones. Set a reminder for the month-end following any dividend payment.

Not keeping the board resolution — The resolution is the legal basis for the dividend. Without it, the company's accounts cannot properly classify the payment as a dividend.

TD603 and the Annual Audit

Your auditor will ask for all TD603 filings and payment confirmations when preparing the annual accounts. Having all 12 TD603 confirmations (for monthly dividend payers) organised by month makes the audit process faster and cheaper.

To calculate your annual GESY liability on dividends before filing, use the GESY calculator. For the broader context of how GESY applies to dividend income, see our GESY on dividends Cyprus guide.

TD603 filings must be made using company TAXISnet credentials. If you need help setting this up or managing monthly GESY declarations, consult a Cyprus tax advisor or accountant who specialises in owner-managed companies.