When it becomes necessary to withdraw profit from the business, the owner often faces the question of how to do it legally. To do this, it is necessary to study the concept of dividends and the peculiarities of their receipt.
Instructions
Step 1
Dividends represent income from the activities of an organization. The charter of the company should specify their payment dates. According to the law, this can be done no more than once a quarter, if the business owner is confident in the stability of his income.
Step 2
First of all, find out that the value of net assets exceeds the reserve and authorized capital, and the organization has the right to pay dividends. The authorized and reserve capital by default must be indicated in the balance sheet, while the value of net assets is calculated each time if necessary. This amount, in fact, is the value of the entire property, reduced by the amount of liabilities. Calculate it using a special formula: subtract the amount of liabilities from the amount of assets involved in the calculation. Next, figure out which assets and liabilities are taken into account. All indicators are contained in the financial statements.
Step 3
Conduct a general meeting of the founders as soon as you are convinced that your company has made a net profit at the end of the period and has the right to pay dividends to the founders. If the owner is alone, he independently decides on the payment of profit.
Step 4
Determine the amount of payment to each founder of the organization, if there are several. The distribution of net profit is carried out in proportion to the shares of the founders indicated in the authorized capital. To calculate dividends, the total amount of distributed profit is multiplied by the share of the founder as a percentage in the authorized capital. Personal income tax is withheld from dividends, the interest rate of which is 9% for residents. Foreign founders who are not residents of the Russian Federation pay a personal income tax rate of 15%.
Step 5
Please note that insurance premiums are not charged on the amount of dividends. They need to be paid from the settlement account of the organization within a certain period, without fail transferring personal income tax to the state budget. Do not forget to reflect the information on the paid dividends and taxes in the 2-NDFL statements at the end of the year.
