Dividends
Payments of dividends between domestic companies are not subject to corporate income tax. Dividends paid to a legal entity – a resident of a European Union member state or a resident of the European Economic Area – are exempt from taxation. Dividends paid to a legal entity outside the European Union or the European Economic Area, are subject to a 10% tax payable at the time of their payment. Dividends paid to low-tax countries are subject to 15% or 30% tax in case of emergency dividends.
Reporting
The tax year is either the calendar year or may differ from the calendar year if so stipulated by a company’s charter. That is, the tax year corresponds with the financial year of the company. Generally, the tax year for corporate income tax purposes may not exceed 12 months.
However, in the year of incorporation the tax year may last less or more than 12 months, but not more than 18 months.
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