লভ্যাংশ হইতে কর কর্তন

The principal officer (chief executive) 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, -

(a)   if the shareholder is a company, at the rate applicable to a company;

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

Provided that the provisions of this section shall not apply to the distribution of taxable dividends by a company, if such dividend is exempted from tax under item 32 of Part I of the Sixth Schedule.