
Those withdrawing dividends are generally subject to an income tax rate of 20 percent, which will rise to 22 percent next year. However, there is one requirement regarding dividends in Estonia that many do not comply with. Money. Photo: Ilja Smirnov
Those withdrawing dividends are generally subject to an income tax rate of 20 percent, which will rise to 22 percent next year. However, there is one requirement regarding dividends in Estonia that many do not comply with.
By law, if the owner wants to pay dividends from his company, it is necessary to contribute to the authorized capital. However, there are many tiny companies where input is often lacking.
Is it possible to withdraw dividends at all? And what happens if money is withdrawn from the company without the required share capital?