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Dividend
- Dividend income, as mentioned in the Law No 16/2005 on Direct Taxes on Income, is subject to a flat tax of fifteen percent (15%).
- If dividend distribution was subject to withholding tax as stipulated in the law, the taxpayer does not pay tax on income.
- Dividend income includes income from shares and similar income distributed by companies and other entities as mentioned in the law.
- Dividend income includes income from shares and similar income distributed by companies and other entities.
- In the determination of business profits of a resident company, dividends and other profit-shares received from a resident entity are exempt.
- In the determination of business profits of a resident partnership, dividends and other profit-shares received fron a resident entity are exempt.