1.25% dividend tax rise from April 2022

October 27, 2021|In KRW Tax news|By Keith Witchell

This measure was also announced last month (see previous Tax Bulletin), alongside the NIC increase, in a bid to bring parity for limited company owners that often remunerate themselves with a low salary plus dividends. This increase sees the basic dividend tax rate increase from 7.5% to 8.75% from April 2022, while higher rate taxpayers will see an increase from 32.5% to 33.75%, and additional rate taxpayers go from 38.1% to 39.35%.

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Keith Witchell