INSTRUCTION NO. 12345 GDT ON THE PROCEDURE FOR DECLARATION OF ADVANCE TAX ON DIVIDEND DISTRIBUTION IN THE ONLINE TAX FILING MANAGEMENT SYSTEM (E-FILING)
On 28 April 2025, the General Department of Taxation (GDT) issued Instruction No. 12345 GDT, which explains how to declare advance tax on dividend payments through the online e-Filing system.
Under this instruction, any company except for Qualified Investment Projects (QIP) that are currently tax-exempt must pay tax on dividends distributed from earnings before annual income tax. The tax is calculated on the grossed-up dividend amount at the company’s annual income tax rate. For more details, see Instruction No. 30408 GDT dated 14 December 2022.
Additionally, the GDT has introduced a new tool in the e-Filing system to help taxpayers calculate the advance tax on dividend payments more easily.