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Revenue tax rate

The revenue tax rate is 5% of the revenue. If the entity which owes the revenue bears the taxes, the revenue will be multiplied by 100/95 when calculating the taxes.

A calculation example:

A public limited company provides USD 50,000 in dividend to the shareholder

Net

  • The taxes amount to 5% of USD 50,000 = USD 2,500
  • The shareholder receives USD 47,500

Gross

  • The taxes amount to 5% of 100/95 X USD 50,000 = USD 2,631
  • The shareholder receives USD 50,000