Decree 76 of 2013, as regulated by General Resolution 2 of 2013, has clarified the timing for the application of the tax on dividends or profit distributions, as follows: - An additional 5% tax on dividends or profit distributions is levied upon the distributing company when a distribution is made to resident shareholders or members. Under the amendments, the tax is levied: - on the "net amount" of dividends or profit distributions, i.e. the distributed amount excluding the general 10% income tax paid by the distributing company, and the company profits allocated to legal reserves, other reserves and capital increase;...