Government to impose 10 percent tax on bonus shares
The government has proposed to levy a 10 percent withholding tax on bonus shares issued by companies to their shareholders, according to the budget document for 2023-24. The document states…
Al Rajhi Bank increases it’s paid by capital by 53.8 percent
RIYADH: The Extraordinary General Assembly Meeting of Al Rajhi Bank has approved to increase the Bank’s capital by SAR 8.7 billion through granting bonus shares with an aim to enhance…
SHC holds Bonus Shares to be taxable, dismisses seven suits
KARACHI: A bench of High Court of Sindh (SHC) deciding a number of suits challenging the levy of income tax on “Bonus shares“ dismissed the same holding that bonus shares…