OrbitaxThe law bringing about the proposed changes to the taxation of Finnish-source dividends from nominee registered share have been approved by the parliament. The law (970/2005), which was signed by the President on 9 December 2005, will apply to dividends received as of 1 January 2006.
|Approved Changes|Finland
The new regime is as follows:
(a) Basic rules. New stricter compliance rules for applying reduced treaty withholding tax rates for nominee-registered shares are proposed. Accordingly, a reduced withholding tax of 15% will be withheld from dividends paid on nominee registered shares, provided that the payer has diligently ensured that the recipient has a residence in a state with which Fi…
Continue Reading