14.8 Luxembourg Dividend Distribution Rules
Dividend Rulesβ
Requirements:
- Must have sufficient retained earnings
- Must comply with corporate law
- Must follow form-specific rules
- Must be approved by shareholders
- Tax implications apply
Restrictionsβ
May Not Pay Dividends If:
- Insufficient retained earnings
- Would impair capital
- Violates corporate law
- Not approved by shareholders
Luxembourg Compliance Noteβ
Dividend distributions in Luxembourg:
- Must comply with corporate law
- Must have sufficient earnings
- Must follow approval process
- Must use proper accounts
- Tax withholding may apply
Think It Throughβ
Why are there restrictions on dividend payments? What protects creditors and the company?