Income collection and taxation

In the Nordic and Baltic markets, dividends are usually paid annually on an actual dividend payment basis. The entitlements are determined by the settled stock position at the close of business on the record date. Dividend payments usually take place in the spring as the fiscal year for most companies coincides with the calendar year.

In Finland, Sweden and Norway the withholding tax on dividend payments is usually withheld at source. However, if there is need to lodge a tax reclaim we assist our clients with the tax reclaim procedure. In Denmark, the withholding tax cannot be levied at source. Therefore, Nordea provides its clients full tax reclaim service in Denmark.