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Because The BANK of Greenland is domiciled in Greenland, it is also taxed in Greenland in accordance with Greenland's legislation on income tax.
In accordance with § 86 in the law, The BANK of Greenland is required to withhold tax on dividends for the calendar year in which the dividend is paid with a tax ratio laid down by the Municipality of Nuuk. For the time being, the aggregate tax rate is 42%. Tax on dividends is a definitive tax that can only be refunded to a person who, in accordance with the law's § 3, is exempt from a tax obligation or is residing abroad.
If you are living abroad, please contact the Tax Administration in Greenland in order to be granted a refund of your dividend tax in accordance with the tax legislation in your own country.
The tax administration can be contacted attax@nanoq.gl or by writing to:
Intaleeqqap Aqqutaa nr. 1
Postboks 1605
3900 Nuuk
Remember to enclose documentation of your dividend payment from The BANK of Greenland.
