Dividend tax provision amended to clarify tax payable on dividends, replacing wording and omitting a prior sub-clause. Amendment to section 115-O(1A)(i) inserts "and" at the end of sub-clause (a), substitutes the words in sub-clause (b) with "paid the tax which is payable ... Summary
Dividend tax provision amended to clarify tax payable on dividends, replacing wording and omitting a prior sub-clause.
Amendment to section 115-O(1A)(i) inserts "and" at the end of sub-clause (a), substitutes the words in sub-clause (b) with "paid the tax which is payable under this section on such dividend:", and omits sub-clause (c), thereby altering the statutory wording that defines the obligation to pay tax on distributed dividends.
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