Tatiomore administration Remember that the dividend tax is at a rate of 8%, if the payment is made by August 20, 2019.
In implementation of Law No. 8438 of December 28, 1998 “On Income Tax,” as amended, the tax on dividends for undistributed profits realized in 2018, including reserves and capitalized earnings, is at the rate of 8%, if you make this payment by the date August 20, 2019.
Similarly, the 8% tax rate will apply to undistributed profits realized in 2017 and earlier years, provided that the tax is paid by the due date. September 30, 2019;
Warning! If the above conditions are not met for 2018 and later years, the taxpayer will pay 15% tax on the dividend.
The General Directorate of Taxation will continue to send reminders and information to taxpayers in every revenue bracket regarding tax legislation and procedures.