16D. Charge of dividend distribution tax:-

1[16D. Charge of dividend distribution tax:-

Notwithstanding anything contained in this Ordinance, where a company registered under , 1994 (1991 সালের ১৮নং আইন) declares dividend, whether interim or otherwise, on or after the first day of July,2003, the company shall pay, in addition to tax payable under this Ordinance, dividend distribution tax at the rate of ten per cent on such dividend within sixty days from the date of such declaration:  

 Provided that the provision of this section shall not apply in case of dividend referred to in sub-clause (dd) and sub-clause (e) of clause(26) of section 2.]


1 Ins. by F.A. 2003 and subsequently omitted by F.A. 2005


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