Joint Account Holding Percentage for WHT Deduction on Dividend
Dear Valued Customer,
As per Section 150 of the Income Tax Ordinance 2001 and pursuant to Finance Act 2016, different rates of tax on individuals have been introduced for “Filer“ & “Non Filer” investors.
In case of Joint Account, each account holder is to be treated individually as either a Filer or a Non-filer and tax will be deducted accordingly to his respective holding. If the holding is not provided by the investor then each account holder will be assumed to hold equal proportion of units and the deduction will be made accordingly.
In this regard, we would appreciate if you could provide us the required information in the ‘Dividend Payout Instruction’ form attached below latest by June 10, 2018.
You are requested to fill and sign the form and email a scanned copy to firstname.lastname@example.org with subject ‘Dividend Payout Instruction’ or mail it to the address mentioned in the form. For more details or any queries you may call 0800-62224 or email at email@example.com.