Income tax rates on payment of dividends
Computation of income/corporate income tax
rates on payment of dividends
Individual:
final
withholding
tax
Income of corporation
–
=
Corporate income tax (15%)
Individual: Resident Non-
partial corporation resident
income with not less corporation
system than 10%
of shares
100.0 100.0 100.0 100.0
15.0 15.0 15.0 15.0
–
=
Income after trade tax 85.0 85.0 85.0 85.0
Dividend 85.0 85.0 85.0 85.0
21.3 21.3 63.7 63.7
WHT (25%)
Cash dividend
Final WHT (25% / 15%)
21.3
12.8
Taxable income of 51.0
shareholder (60% / 5%)
– Income tax (45%) 23.0
– Corporate income tax + Creditable withholding tax
Income after taxation
4.3
0.6
0.0 21.3 21.3 0
63.7 62.0 84.4 72.2
EU Forecast
euf:ba.18g:23/nws-01