30.Jun .2022 12:00

How Much Dividends Does Georgian Business Issue?

How Much Dividends Does Georgian Business Issue?
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The Revenue Service published a report. According to the document, the Georgian private sector paid a total of GEL 217 million in dividends to their owners and partners in May, this means that 6,200 persons received dividends. This amount is 47% more than the same period last year.

Statistics also include information on the dividend amount. In May, 3,900 people received a dividend of less than GEL 10,000, with a total volume of GEL 11 million. 2,000 people received a dividend of GEL 10,000-100,000 with a total value of GEL 60 million, while 373 people received a dividend of more than GEL 100,000 with a total volume of GEL 147 million.

Overall, dividends issued by businesses to individuals (owners; partners) in the first 5 months of 2022 are distributed as follows:

● January - GEL 185,047,337;
● February - GEL 210,256,095;
● March - GEL 241,460,356;
●April - GEL 183,389,057;
● May - GEL 217,362,628;
●Total - GEL 1,037,515,473;

In Georgia, dividends are charged with profit tax, which amount is 15% of the issued dividend.