Tax on dividends: why less arrives than was declared
beginner
Automated material · TradeAlmanac editorial deskPrepared by a language model from our stored data and checked by an editor.
Содержание · 4
A declared dividend is a pre-tax amount. Less reaches the account, and that is not a broker error.
The rate
For a Russian tax resident, 13% within the annual threshold of RUB 2.4m and 15% above it. Non-residents pay a separate rate on dividends from Russian companies.
What is special about the dividend base
It is computed separately from the base for securities transactions. Two consequences follow, both unwelcome.
A loss on selling shares does not reduce the tax on dividends. Long-term ownership relief does not extend to dividends — Long-term ownership relief: paying no tax without arranging anything in advance.
Dividends from foreign issuers
Here tax may be partly withheld abroad while the remainder has to be topped up in Russia by declaring the income yourself. The rules depend on the issuer's country and on whether a double tax treaty exists.
What it changes in a return calculation
The dividend yield shown on any screen is computed from the declared amount — that is, before tax. The real yield in hand is lower. When comparing a dividend-paying share with a bond, apply the same adjustment to both.
More on the payouts themselves: How dividends work on the Russian market and The dividend trap: why a record yield is a bad signal.
Sources
- Налоговый кодекс РФ, часть вторая, глава 23
Prepared by a language model from our stored data and checked by an editor.
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