The payment or amount of any annual dividends may be affected by a number of factors, including but not limited to, the Group's business prospects, cash requirements, financial performance, tax and regulatory considerations, payment practices of other publicly traded European telecommunications operators and the general economic climate.
Annual dividends are expected to be between 50% and 100% of the Company's annual distributable profit relating to the immediately preceding year.
* The date when a shareholder has to be registered at a depository of the Central and Clearing Depository Company (SKDD)
1 Advance ordinary dividend
2 Residual part of the ordinary dividend
Referring to the dividend payment of Hrvatski Telekom d.d. for the year 2013 that will be executed by the Central Depository & Clearing Company Inc. (SKDD), we kindly ask our shareholders to check their payment account details and data on the tax address in the depository of the SKDD by using the free online service My e-account available on SKDD’s Internet pages SKDD. more
Following the effective date of the changes and amendments to the Corporate Income Tax Act , 1 March 2012 a withholding tax at the rate of 12% applies to dividends and shares in profit paid to foreign legal entities. An applicable double tax treaty can override this rule, dependent upon agreements signed with specific countries.
The taxation of dividends and share in profit payable to individuals (resident and nonresident) based on share of capital has been introduced at a rate of 12% for annual receipts over HRK 12,000. Where the Republic of Croatia has signed an international double tax treaty and under international agreements, foreign individuals (nonresident) can be subject to a lower rate of tax or exercise the right to a tax refund.
Pursuant to the Obligations Act, the limitation period for dividend payment for the year 2007 will begin to run on 20 May 2013. more
The tax certificates as defined by law for the purposes of annual tax return are delivered by CDCC. more