Let’s meet at IMpower Incorporating Fund Forum in Monaco
Among European OECD countries, the highest tax rate on dividends is recorded in:
🔸 Ireland – 51%.
🔸 Denmark – 42%
🔸 UK – 39.4%
✅ The lowest taxes:
🔸 Greece – 5 %
🔸 Slovakia – 7%
❗️Estonia and Latvia are the only European countries that do not impose tax on dividends. When an enterprise distributes profits to shareholders, a corporate income tax of 20% is applied (and paid by the company).
☝️The non-resident is required to declare the dividends paid in the country of a tax residence and pay tax at the rate applicable there.
👉 The fiscal burden can be eased if there is an agreement on the avoidance of double taxation between countries.
The US Government Agencies Point Out New Red Flags that May Signal Evasion of Russia Sanctions. Common red flags can indicate that a third-party intermediary may be engaged in efforts to evade sanctions or export controls, including the following:
The highest economic growth – 10,8% for 2022 in Armenia among European and Central Asian countries. Regarding other regional countries, Azerbaijan’s 2022 growth is at 4,2%, Georgia’s at 10%, and Turkey’s at 4,7%.