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Power Finance Corporation Ltd. (P. F. C.) is an Indian central public sector undertaking owned by the Ministry of Power, Government of India.Established in 1986, it is the financial backbone of Indian power sector.
In South Africa, the turnover tax is a simple tax on the gross income of small businesses. Businesses that elect to pay the turnover tax are exempt from VAT. Turnover tax is at a very low rate compared to most taxes but is without any deductions. [1] In Ireland, turnover tax was introduced in 1963 [2] and followed by wholesale tax in 1966.
Dividend distribution tax was a tax previously imposed by the Indian Government on Indian companies according to the dividend paid to a company's investors. The dividend distribution tax has been abolished since 2020 according to the Union Budget of India. [1] The Finance Act, 2020 changed the method of dividend taxation.
Dividend imputation is a corporate tax system in which some or all of the tax paid by a company may be attributed, or imputed, to the shareholders by way of a tax credit to reduce the income tax payable on a distribution. In comparison to the classical system, it reduces or eliminates the tax disadvantages of distributing dividends to ...
For other considerations, see dividend policy and Pecking order theory. A range of explanations is provided. [3] [2] The long term holders of these stocks are typically institutional investors. These (often) have a need for the liquidity provided by dividends; further, many, such as pension funds, are tax-exempt. (See Clientele effect.)
In any accounting period, a company may pay a form of corporate income tax on its taxable profit which reduces the amount of post-tax profit available for distribution by dividend to shareholders. In the absence of a participation exemption, or other form of tax relief, shareholders may pay tax on the amount of dividend income received.
Dividends paid out of profits which were generated before 1 January 2004 are (unless rules implementing the EU Parent-Subsidiary Directive apply) subject to a 19% final withholding tax, unless a reduced rate applies under a tax treaty. Dividends paid out of profits which were generated from 1 January 2017 should be a subject to a 35% ...
The state government's tax revenues (excluding the shares from Union tax pool) amounted to ₹ 674 billion (US$8.1 billion) in 2020–21; up from ₹ 557 billion (US$6.7 billion) in 2019–20. Its non-tax revenues (excluding the shares from Union tax pool) of the Government of Kerala reached ₹ 146 billion (US$1.7 billion) in 2020–2021. [251]