Dividend distribution tax on domestic companies applies to declared or paid dividends, with strict payment timing and limited exclusions. Domestic companies are liable to additional income tax on dividends declared, distributed or paid, whether interim or otherwise, out of current or accumulated profits. The tax is payable in addition to regular income tax, within 14 days of the earliest of declaration, distribution or payment, is not allowable as a deduction, and no credit is available to the company or shareholder. Dividend includes deemed dividend under section 2(22)(a), (b), (c) and (d), but excludes section 2(22)(e), for which a higher rate applies.