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SEO Chief: Taxes on Stock dividends Stay Intact

The SEO Chairman retracted all spread rumors on levying new taxes on stock dividends, calling them immaterial and baseless.

 

The SEO Chairman retracted all spread rumors on levying new taxes on stock dividends, calling them immaterial and baseless.

Dr. Shapour Mohammadi said that there has been no plan to levy new taxes on distributed dividends whatsoever; confirmed by the Minister of Finance.

"Our aim is to even reduce the existing  taxation on  distributed dividends in line with our general policy of supporting the capital market practitioners and that is quite contrary to what has recently rumored in the cyber space about imposition of additional taxes on dividends." he added.

Dr. Mohammadi concluded: traders and market practitioners can be assured that there is no alteration on taxation of stock market other than plummeting the existing rates.