54. Deduction of tax from dividends.-

¹[54. Deduction of tax from dividends.-

The principal officer of a company registered in Bangladesh, or of any other company, shall, at the time of paying any dividend to a shareholder, deduct tax on the amount of such dividend, in the case of a resident or a non-resident Bangladeshi,-

1. if the shareholder is a company, at the rate applicable to a company ;
2. if the shareholder is a person other than a company, at the rate of ten per cent (10%) where the person receiving such dividend furnishes his twelve-digit Taxpayer's Identification Number (TIN) to the payer or fifteen per cent (15%) where the person receiving such dividend fails to furnish his twelve-digit Taxpayer's Identification Number (TIN) to the payer.]

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¹Ins. by F.A. 1991 and again subs. by F. A. 2015
 

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