<h1>Proposed Amendment: Deemed Dividends to Face 30% Dividend Distribution Tax Starting April 1, 2018, to Prevent Misrepresentation.</h1> The proposed amendment aims to apply the dividend distribution tax to deemed dividends, which are currently taxed at the recipient's marginal rate, leading to collection issues and litigation. To address this, the amendment suggests including deemed dividends under the dividend distribution tax at a 30% rate, effective for transactions from April 1, 2018. This change seeks to prevent the misrepresentation of dividends as loans or advances, thereby providing clarity and certainty in taxation.