Supreme Court Upholds 10% Final Tax on Dividend Income, Rejects FBR's 35% Claim: Dawood Hercules Stock in Focus
Pakistan's Supreme Court has dismissed FBR's appeals and confirmed dividend income received by companies stays under the fixed final-tax regime, not the 35 percent normal corporate rate. The ruling gives lasting tax certainty to holding companies such as Dawood Hercules, whose earnings are built largely on dividends from its Engro Corporation stake.