The Budget for 2007 was presented to the Parliament by the Minister of Finance on 11 October 2006 and provides for a reduction of the dividend withholding tax from 1 January 2007.
The dividend withholding tax applies to resident as well as non-resident taxpayers. Parent companies qualifying for the participation exemption, however, benefit from an exemption. The exemption applies if the parent company has owned, directly or indirectly, a participation of at lea…