Dividend tax calculator for The Gambia
Companies and partnerships in The Gambia withhold dividend income tax before paying shareholders or partners. Enter the gross dividend to see the tax and what reaches you.
The rate is 15% of the gross dividend, with no deductions, and it is a final tax.
How it's calculated
- Dividend income tax: gross dividend × 15%.
- Dividend received: gross dividend minus the tax withheld.
An example
On a dividend of D50,000 the company withholds D7,500 and pays you D42,500, the example in the GRA brochure.
Frequently asked questions
Do I have to declare dividends in a tax return?
Not if you have no other taxable income. The tax withheld is final and the net dividend is not taxed again. Attach the withholding certificate if you do file a return.
When does the company pay the tax to the GRA?
By the 15th of the month after the dividend is paid. The annual withholding statement is due two months after the end of the tax year.
Can a loss reduce the dividend tax?
No. No deductions are allowed and the dividend cannot be reduced by any loss.
Key terms
- Gross dividend
- The dividend declared before any tax is withheld.
- Withholding certificate
- The document the company gives you showing the dividend tax it withheld.
Up-to-date official data
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