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Is dividend received from subsidiary is taxable? in this question they account for dividend remittance net of withholding tax. so do we need to calculate tax on remitted amount or gross amount before deduction of with holding tax.
in this question they do not calculate tax on dividend received.
There is no tax on the dividends remitted.
There is additional tax payable on the profits of Bowerscots (because Arthuro pays tax at 30% whereas the tax on Bowersocts was 20%, and there is a double tax treaty).
The dividends are paid out of the profits – to tax them would be charging tax twice because the full profits are taxed 🙂
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