Questions & Answers regarding
dividends and taxation (2006)
dividends and taxation (2006)
The Board of Management and the Supervisory Board will - if so - make a proposal on the dividend for the financial year 2005 in early February 2006. DaimlerChrysler will then make this proposal publicly accessible. The financial decision on the dividend will be taken by the shareholders at the Annual Meeting on April 12, 2006. A dividend is usually paid on the first working day after the Annual Meeting. This April 13, 2006 would also be the day of the ex dividend trading in the stock.
Shareholders are entitled to a dividend payment according to the number of shares in the Company they hold in their account at the day of the Annual Meeting. A minimum period of holding the shares before or after the Annual Meeting is not required.
On the basis of a resolution of the shareholders at the Annual Meeting, the dividend amount will be paid on the first working day after the Annual Meeting, i.e. on April 13, 2006 to the custodian banks which take care of the dissemination to the shareholders.
This is also the first day of ex dividend trading in the stock. Owners of share certificates receive a dividend cheque.
What was the dividend amount for the 2004 financial year?This is also the first day of ex dividend trading in the stock. Owners of share certificates receive a dividend cheque.
In case of collective safekeeping, please contact your personal / custodian bank.
Owners of DaimlerChrysler share certificates should contact
Owners of DaimlerChrysler share certificates should contact
in Europe/Asia:
Registrar Services GmbH
P.O. Box
60630 Frankfurt
Germany
Phone: ++49 (0)1803 - 100 100 , Mon - Fri 9 a.m. - 7 p.m. CET
Phone ++49-(0) 1805 00 18 52
Fax ++49-(0) 69 - 910 62635
e-mail: daimlerchrysler.service@rsgmbh.com
P.O. Box
60630 Frankfurt
Germany
Phone: ++49 (0)1803 - 100 100 , Mon - Fri 9 a.m. - 7 p.m. CET
Phone ++49-(0) 1805 00 18 52
Fax ++49-(0) 69 - 910 62635
e-mail: daimlerchrysler.service@rsgmbh.com
in North America:
DaimlerChrysler
c/o The Bank of New York
PO BOX 11022
New York NY 10277-2632
USA
Phone: 001-800-470-7418
e-mail: shareowner-svcs@BankofNY.com
c/o The Bank of New York
PO BOX 11022
New York NY 10277-2632
USA
Phone: 001-800-470-7418
e-mail: shareowner-svcs@BankofNY.com
No - the European/Asian part of the share register is not intended to administer the bank accounts and the system of Deutsche Börse Clearing does not provide the passing-on of the account relationship.
A certificate, that the shareholders has attended the Annual Meeting (e.g. for tax purposes) can be issued at the stand for Stock Corporation Information in the entrance area.
1. Principles
For persons residing or normally living in the Federal Republic of Germany, dividends received from DaimlerChrysler AG are subject to German taxation. Tax is due on 50 % of the dividend.
The withholding tax retained on payment of the dividend is deducted from the personal income tax or corporation tax payable by the stockholder. Should this amount exceed the personal income tax or corporation tax due, the excess amount is repaid.
The German solidarity supplement retained on payment of the dividend is deducted from the solidarity supplement owed by the stockholder. Should the deducted solidarity supplement exceed the solidarity supplement owed, the excess amount is repaid.
1.1. Privately owned stock
The dividend should be shown separately in the declaration of capital gains. In the case of capital gains for 2005, a tax-free amount of Euro 1,370 (single persons)/ Euro 2,740 (jointly taxed married couples) and an overall allowance for professional expenditure of Euro 51 (single persons)/ Euro 102 (jointly taxed married couples) applies.
1.2. Company-owned stock
The dividend is regarded as business income. The retained withholding tax and retained solidarity supplement are offset against the income tax or corporation tax owed by the stockholder.
2. Payment of the dividend
2.1. In the absence or either a tax relief instruction or tax exemption certificate.
The custodian bank pays the dividend to the stockholders deducting 20% withholding tax and 5.5% solidarity supplement.
|
1 Share |
1000 Shares | ||
|
Dividend per share |
1.50 Euro |
1,500.00 Euro | |
|
less withholding tax |
20% |
-0.30 Euro |
-300.00 Euro |
|
less solidarity supplement on the withholding tax |
5,5% of 20% |
-0.02 Euro |
-16.50 Euro |
|
Payment |
1.18 Euro |
1,183.50 Euro |
The custodian bank provides the stockholder with a certificate showing the retained withholding tax and solidarity supplement.
2.2. There is an adequate tax relief instruction or a tax exemption certificate.
The custodian bank pays the stockholder the dividend without deducting withholding tax or the solidarity supplement.
|
1 Share |
1000 Shares | ||
|
Dividend |
1.50 Euro |
1,500.00 Euro | |
|
Payment |
1.50 Euro |
1,500.00 Euro |
If stock certificates are held the stockholder is unable to issue a tax relief instruction for this stock and withholding tax / solidarity supplement is always retained. The retained taxes are offset against the stockholder's total tax liability.
Together with the dividend cheque from DaimlerChrysler AG the owner of stock certificates receives a statement of account which may be presented to the fiscal authorities as a tax certificate.
1. Principles
1.1. Taxation in Germany
Natural persons who are neither resident nor normally living in Germany are subject to income tax on capital gains under Section 49 EStG (German income tax legislation). These include dividends from German corporations.
For persons to whom this provision applies, the income tax deducted from the dividend as withholding tax is deemed to settle the tax liability of these persons. The level of withholding tax retained in Germany also depends on the provisions of any double taxation agreements between the Federal Republic of Germany and the stockholder's home country.
1.2. Taxation abroad
Taxation of German dividends in the stockholder's home country is subject to the local fiscal regulations.
2. Payment of the dividend
The custodian bank pays the dividend to the stockholders deducting 20% capital gains tax and 5.5% solidarity supplement.
|
1 Share |
1000 Shares | ||
|
Dividend per share |
1.50 Euro |
1,500.00 Euro | |
|
less withholding tax |
20% |
-0.30 Euro |
-300.00 Euro |
|
less solidarity supplement on the withholding tax |
5,5% of 20% |
-0.02 Euro |
-16.50 Euro |
|
Payment |
1.18 Euro |
1,183.50 Euro |
The custodian bank provides the stockholder with a certificate showing the retained withholding tax and solidarity supplement. The corporate tax credit is also confirmed.
If the amount (tax rate) of the retained withholding tax and solidarity supplement exceeds the amount (tax rate) provided for in any existing double taxation agreement, US shareholders may apply for an automated repayment of the excess amount. Shareholder of other nationalities may apply for a reimbursement with the
Bundesamt für Finanzen
Friedhofstr.1
D-53225 Bonn
Tel. +49(0) 1888 406-0
Fax +49(0) 1888 406-2661
e-mail: poststelle@bff.bund.de
Internet: www.bff-online.de
Friedhofstr.1
D-53225 Bonn
Tel. +49(0) 1888 406-0
Fax +49(0) 1888 406-2661
e-mail: poststelle@bff.bund.de
Internet: www.bff-online.de
Pre-printed forms can be ordered via the internet address of the Bundesamt für Finanzen.
The amount must be claimed until December 31, 2009.
The above information is not exhaustive and does not take a large number of individual cases into account (e.g. stocks held by a fund or a tax-exempt legal entity in Germany). In such cases the stockholder should seek professional advice.
On this page
