The newly introduced obligation will cause difficulties in the payment of dividends in large systems that pay them to possibly thousands of small shareholders, as they will now have to obtain data on their current accounts.
Amendments to the Income Tax Act and the Profit Tax Act effective from July 1, 2010, affect the method and technique of paying dividends and profit shares. The rate at which income tax is calculated at source has also been amended if profit subject to income tax is paid out. Additionally, from July 1, 2010, the amended Act on Special Tax on Salaries, Pensions, and Other Income applies, which abolished the lower rate of special tax, š affecting the calculation of special tax in the payment of dividends and profit shares. From July 1, 2010, dividends and profit shares must be transferred to the recipient’s current account opened at an authorized organization for payment transactions. This obligation does not depend on the tax classification of the paid profit or the amount being paid out.
