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      Dividends: Guide to Calculation and Distribution

      Screenshot 2024-07-17 at 11.07.01

      • Calculate Dividends:

        • Determine the total dividends to be paid out. For example, if the total dividend is 10,000 euros, this will be distributed among participants who hold depository receipts.

      • Exclude Company and Zero-Balance Entities:

        • Ensure that the company itself and any entities with a zero balance are excluded from the dividend payout.

      • Distribute Dividends:

        • Calculate and distribute the dividends. For instance, if holding gets 2,000 euros, class holding gets 400 euros, and frenzy gets 7,500 euros, this should be reflected accurately.

      • Submit and Review Historical Distributions:

        • After calculating, click submit. Refresh the screen to view the historical distributions.
        • Export the distribution data as an XML file, which can be uploaded to the bank for execution.

      • Adjust for Tax Deductions:

        • If a tax deduction is required (e.g., 15% of the dividend), adjust the calculations. For example, if 1,500 euros need to be withheld, recalculate the dividends accordingly.

      • Archive Incorrect Calculations:

        • If there was an error in the initial calculation, archive the incorrect calculation to avoid false information in the annual report.
        • Process the new calculation to ensure accurate reporting.

       

      🎥 Video instruction:

      You can also watch the instructions via the video below:

       

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