Companies can distribute some of their profits as dividend to their shareholders. Dividends are subject to tax. The general rate of dividend tax is 15%.
Withholding and deduction of dividend tax
If a company receives a dividend on the shares it owns in another company it can deduct the dividend tax from the balance of its corporation tax payable. A private individual can deduct it from the balance of income tax payable.
Dividend tax exemption or refund
In some circumstances, a company may be entitled to .
Central shareholder register
To clarify who holds shares in a company and combat fraud, the government intends to introduce a central shareholder register on 1 January 2015.
Shareholders, civil-law notaries and government agencies will be able to inspect the central shareholder register. It will be kept by the Commercial Register of the Chamber of Commerce.