Finish Tax Administration published guidance, on 26 January 2015, on advance tax withheld on dividends paid to resident natural persons and estates of deceased persons.
The guidance named “Guidance No. A14/200/2015 of 22 January 2015” specifies the amendments to the tax brackets and rates for capital income with effect from 1 January 2015.
With effect from 2015, the advance tax rate is 25.5% on dividends paid by a quoted company and 7.5% on dividends up to €150,000 from an unquoted company. If the dividends from the same unquoted company exceed €150,000, the advance tax is 28% (27% in 2014) on the excess.
The guidance also includes information on what forms the payer of the dividend must use when reporting the payment to the tax authorities.
