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Good pount that there are different flows, like buying a house where there is no VAT. Note that dividends are taxed at the corporate level (IS, 15.5%), then th
by tajen 11y ago
Good pount that there are different flows, like buying a house where there is no VAT.
Note that dividends are taxed at the corporate level (IS, 15.5%), then the recipient must pay his income tax on top. The rest of your calculations is correct.
- jacquesm 11y ago> Note that dividends are taxed at the corporate level (IS, 15.5%), then the recipient must pay his income tax on top. Not in every country, for instance in NL you only pay 10% private on top the 15% dividend tax, foreigners don't even pay the 10%.