Shivendra Jha
Partner - Head of Advisory Services and International Liaison Partner (ILP)
Overview
It is imperative for businesses to implement effective accounting treatments for their dividend payouts in line with the updated regulatory requirements. Having an application to execute these accounting requirements ensures risk mitigation and avoidance of unnecessary non-compliance consequences.
Our Dividend Tax solution provides an end-to-end evaluation of TDS on dividend payouts and verifies the data provided by the Registrar & Transfer Agent (RTA). It eliminates manual verification of the dividend register, thereby reducing errors and improving efficiency.
How BDO UAE Can Help
- Emirates ID verification of each shareholder
- Clubbing of data of multiple demat accounts for each shareholder
- Identifying duplicate entries
- Determining TDS rate based on threshold limits and categories of the shareholders
- Providing exception report in case of mismatch in data provided by the RTA
- Providing output in the requisite format for filing TDS returns and Form 15CA-CB (in case of non-residents)
