What is a dividend tax credit❓

What is a dividend tax credit❓

In this article, I would like to present the knowledge about the dividend tax credit, what is this? If you're ready, let's go see it.

🔸 Get to know dividend tax credit

The Dividend Tax Credit is the process of thinking back to obtaining dividends before corporate taxes are deducted. in order to be able to continue to calculate personal income tax without being a redundant tax calculation

🔸 Methods for Calculating on Dividend Tax Credits

The value of the dividends before 10% withholding tax is multiplied by the tax rate paid by the company to the government and 100 subtracted from the tax rate paid by the company to the government.

🔸 Checking the base of the tax

- If the level of store tax falls to 30% or more, or assessable income is approximately 2,200,000 baht per year onwards, in which case the deduction must be completed, with a tendency to be more worthwhile because it will cause taxation. Only 28%, but in the case of filing combined and credit, they will be taxed at a rate of 30% or more.

- Or if the tax tier is 15% or less, in this case filing with a combined and credit is likely to be more cost-effective as it will cost you only 25% or less of the actual tax. After that, the tax rate will be 28%.

🔸 Things you should know more about the matter of dividend tax

- which in each company Depending on the type and nature of business of the entity, all taxes that you encounter are not 28% Always or maybe more or less 28%

- And once it has been chosen to make deductions, payments, terminations or filings and credits, the same method applies to all shares. The existing one cannot be used one method on another stock and the other cannot be used on another stock.

- And at present, dividends from stock mutual funds are treated as income in the same way as dividends from stocks.

How are you? Hope that this article will be useful for all readers and see you in the next article.

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