In accordance with Article 50 (5036/2023), changes have been made to the arrangements regarding the dividend taxation of dividends of shipping companies.
Περιεχόμενα Άρθρου
Shipping and Brokerage Companies Dividend Taxation
For dividends paid or credited in the year 2023 and beyond
- Under the provisions of Law 5036/2023, dividends received by shareholders/partners of shipping and brokerage companies will be taxed at a dividend tax rate of five percent (5%).
For dividends paid or credited before the year 2023
- Said dividends are subject to dividend tax at a tax rate of ten percent (10%).
We note that the reduction of the dividend tax rate from 10% to 5% does not apply in the case of shipping companies that, according to their establishment permit, are engaged in the management of ships (regardless of flag) which are exempt from the dividend tax.
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Board Fees and Percentages (Bonus)
Also, the tax rate of ten percent (10%) with which extraordinary fees and bonuses distributed, in addition to salaries, to members of the Board of Directors are taxed remains unchanged. or to managers and executives of shipping companies, as well as companies involved in ship management.
Dividend Tax Return
The return of dividend tax is borne by the beneficiary and is carried out by him. In particular, the tax is paid by submitting a relevant declaration until the last working day of the month following the month in which the payment or credit of the dividend was made abroad or domestically. The tax is paid once within five (5) working days from the date of submission of the declaration.
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How can QBC help you?
Following the latest developments in tax legislation and having the necessary know-how, QBC Tax Consultants are at your side to help you achieve maximum tax compliance and benefit for your business.
Through accounting outsourcing and supervision services, QBC supports businesses in evaluating and restructuring their existing accounting systems to make them more efficient and effective.
For more information on corporate tax and accounting, you can contact us by phone at 216 900 7576 or submit a contact request and one of our Consultants will serve you immediately.
