Taxation of dividends what do we know? Find out everything here about the changes that will affect dividends, see if this impacts the investor.
The first approval of the Tax Reform has already occurred, the Chamber of Deputies approved the tax reform. However, it still needs to pass through the Federal Senate.
What everyone is waiting for is that the Tax Reform goes through with the Budget, so far so good, the point is that dividends can be taxed.
Therefore, my dear investor, this will have an impact on your life, and you need to know the possibilities. To plan your investments and analyze the cost-benefit.
The second phase must deal with what we call the collection of taxes on income and a possible taxation on dividends. Taxation of dividends what do we know?
When does taxation start to become effective?
Firstly, the government's plan is for the taxation to come into force next year, that is, 2024. However, this depends on approval in 2023.
This occurs due to the principle of precedence, which guarantees that a law only comes into force in the following fiscal year. Respecting the minimum period of 90 days.
This principle guarantees everyone a minimum amount of time to plan and adapt to all changes. Therefore, if the taxation is approved, this will begin to occur in just over 5 months.
Is it possible that approval will even occur in 2023?
Initially, the expectation in political circles is for approval without major difficulties in 2023.
Rosa and Pacheco have already expressed their opinions, saying that there will certainly be an end to the exemption for dividends paid by Brazilian companies.
However, for this to happen, the government needs to send its bill to the National Congress. After all, changes in this political scenario can alter the chances of approval.
How much will the tax on dividends be?
If we cannot change what happens in the federal scenario, we need to know more details, especially about the percentage that will be charged.
For now, what experts are expecting is a 15% tax on stock dividends.
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However, only when the government sends its proposal to Congress will we know the exact rate. Experts are based on other existing rates.
Will companies pay the tax twice?
The concern is very pertinent, since there is tax paid by companies, however, what is expected is a reduction for the company.
This way, the company would pay a lower percentage, thus offsetting the taxation. The expectation is for a reduction from 15% to up to 8% in the tax paid by the company.
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Thus, if the tax rate for legal entities is up to 25%, it would drop to 18%. However, it would still be accompanied by taxation of dividends.
However, the discussion should not end so quickly, as there are some experts who defend the thesis of double taxation of companies. Saying that this way the company would pay the same tax twice.
For now, we need to wait for what the government will send to Congress for consideration. Knowing that there is the possibility of taxation and it is very real.
