Dividend withholding expanded to cover an additional category of dividends, requiring tax deduction by the payer before payment. Section 194 is amended to extend the payer's obligation to deduct tax at source to an additional category of dividends; the principal officer or specified ... Summary
Dividend withholding expanded to cover an additional category of dividends, requiring tax deduction by the payer before payment.
Section 194 is amended to extend the payer's obligation to deduct tax at source to an additional category of dividends; the principal officer or specified payer must deduct tax before making payment or distribution to a resident shareholder, with the amendment taking effect from 1 October 2024.
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