Company details revised dividend withholding tax rates for resident and non-resident shareholders Back
<p>The company is announcing changes to how taxes will be withheld on dividends, outlining different rates and required documentation for resident and non-resident shareholders. For resident shareholders, the tax rate depends on factors like income levels and specific forms submitted (Form 121, certificates for lower/nil deduction). Non-resident shareholders may benefit from double taxation avoidance agreements but must provide documentation like a tax residency certificate and declaration forms. The company emphasizes that shareholders are responsible for any tax implications arising from inaccurate information and advises consulting a tax advisor for personalized guidance.</p>