Government amends its plans to reform dividend taxation – details

The government announced (Press release 153/2013) that it is amending its tax plan in respect of taxing dividends received by resident individuals. Details of the amendments are summarized below.

Dividends from quoted companies

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85% is taxed as shareholder's income from capital, whereas 15% is exempt.

Currently, 70% is taxed as capital income and the remaining 30% is exempt.

Dividendsfrom…