Who enter into its field? Non-taxable incomes from dividends. Rate. Who withheld the tax and transfer it to the budget?
Withholding tax on dividends distribution
Who enter into its field?
The withholding tax on dividends distribution is levied on dividends occurring to the benefit of:
local or foreign individuals with source in the Republic of Bulgaria;
local individuals with source in abroad;
foreign entities, except in case of dividend distribution of foreign entity through a permanent establishment in the country;
local entities that are not traders, including municipalities.
Non-taxable incomes from dividends:
income from dividends distributed to foreign entity, which is local for tax purposes of a country member of the EC or another State part to the European Economic Area.
Rate:
5%
Who withheld the tax and transfer it to the budget?
when the dividend is derived by a foreign company, the tax is paid by the local individual, who gained the income, within 15th of the month following the quarter the acquisition of the income;
when the dividend is charged by local entity, the tax is levied and paid by that entity by the end of the month following the month of decision for dividend distribution.
|
