answersLogoWhite

0

Do you have to pay taxes on dividend?

Updated: 9/14/2023
User Avatar

Wiki User

15y ago

Best Answer

it depends. if you have it set to auto reinvest then no you don't but if you get the money from the investment then yes you do.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you have to pay taxes on dividend?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why must stockholders pay taxes on dividends?

corporations must pay taxes on their incomes, profit is a form of income, and a dividend is a portion of corporate profits paid out to stockholders, and stockholders must pay personal income tax on those dividends.


Does the 70 percent dividend exclusion include preferred stock?

70 percent dividend income exclusion on the tax returns of corporations. That is, if a corporation owns preferred stock, it can exclude 70 percent of dividend income and pay income taxes on only 30 percent of dividend income, both preferred and common stock.


Does Hawaii have taxes?

Yes, Hawaii has taxes. The states that do not have income taxes are Florida, Alaska, Nevada, South Dakota, Washington, Texas and Wyoming. In New Hampshire and Tennessee you only pay income tax on Dividend and Interest income.See the related link.


Why do companies no pay dividend?

Why do companies not pay dividends


How is dividend tax payable shown in balance sheet?

Dividend Taxes is not a company expense but a company's liabilities for the deduction of taxes once Dividends is declared to the members of the company. It must be distinct and cleared from the normal activities of the company's expenses. In this respect, it could be classified as a sub-category of the Dividends Payable. Upon the payment of dividends, the appropriate rate of taxes must be paid on behalf of the Dividend Recipient to the Tax Authority. This would then be a debit entry to Dividend Taxes and a credit entry to the Cash or Bank Account to complete the transaction. The object is to withhold taxes on behalf of the dividend recipient and the company is to then ensure that the taxes are paid to the Tax Authority.


How does stockholders of Berkshire Hathaway profit?

You profit if this stock moves up in price. It does not pay a dividend. However, it could pay a dividend in the future.


Does Johnson and Johnson pay a dividend?

yes


Does a dividend payment increase cash flow?

If we pay Dividend the cash flow will decrease as money will go out


What is the meaning of unclaimed dividend?

A company has allocated funds to pay a dividend, but nobody has come forward to claim it.


Do state police pay taxes?

Yes, they pay taxes. If you work you pay taxes no exceptions.


Does the estate pay taxes?

Estates pay taxes on income and may have to pay inheritance taxes.


What is interium dividend?

Interim Dividend: Companies can pay dividend at the end of financial year which is called final dividend but sometimes companies declare two dividends one in the middle of the financial years that dividend is called interim dividend and then one at the end of the financial year which is called final dividend.