Is Super Tax payable on dividend? – Business & Finance

Introduction

1. This note has been prepared to dispel the incorrect perception that Super Tax under Section (4C) of the Income Tax Ordinance, 2001 is payable on the amount referred to as ‘Dividend’ placed under Section 5 of the Ordinance.

2. It is generally but incorrectly considered that the term ‘dividend’ as included in the definition of income for the purposes of Super Tax under…