Orbitax
Decree 76 of 2013, as regulated by General Resolution 2 of 2013, has clarified the timing for the application of the tax on dividends or profit distributions, as follows:
| - | An additional 5% tax on dividends or profit distributions is levied upon the distributing company when a distribution is made to resident shareholders or members. Under the amendments, the tax is levied:
|
Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.
Free trial available. Cancel anytime. Free Orbitax account required.
Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.