Do you need help ? Accounting ONE offers you a 2023 dividend calculator in excel format with the calculation formula. Click to download it.
The dividend calculator can be downloaded for free.
To use the dividend calculator you must follow the following steps. 1. Download the file 2. Open it 3. Enter the value of the dividends to calculate the related tax. Simple!
In 2023, the dividend value is set at 8%
CALCULATION EXAMPLE dividends 2022:
We have two associates, each of them has a share in the share capital of 50% and the amount of 10,000 lei is transferred to the account of each associate, in May 2021.
In order to determine what tax is due for the amounts transferred, we will do the calculation using the simple rule of 3 method.
Case 1. We know the transferred amount, we want to know the gross amount to be distributed for each associate
Net amount 10,000 lei………………………….95%
Gross amount x lei…………………………100%
X = 10,526 lei | the tax will be 10,526 lei * 5% = 526 lei
Or more simply: 10,000 / 0.95 = 10,526
Case 2. We know the gross amount, we want to know the net transfer amount for each partner
Gross amount 10,526 lei ……………………100%
Net amount x lei………………………….95%
The net transfer amount will be 10,000 lei.
Or more simply: 10,526 * 0.95 = 10,000
Case 3. We know the net amount, we want to know the tax due for each associate
Net amount 10,000 lei………………………….95%
Tax x lei……………………………………5%
The tax will be 526 lei
Case 4. We know the gross amount, we want to know the tax due for each associate
Gross amount 10,526 lei ……………………100%
Tax x lei……………………………………5%
The tax will be 526 lei
The total tax due for the two associates will be 526*2 = 1,052 lei and will have to be transferred to the state by June 25, 2021.
The amount that can be effectively transferred to each partner is the gross amount, from which the tax owed is deducted, and thus the net amount that can be effectively transferred to each partner remains.
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