advance corporation tax

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advance corporation tax

a sum payable to the revenue when a company paid a dividend to its shareholders, abolished for distributions made after April 1999.
References in periodicals archive ?
Neil Brooks, a tax expert from Osgoode Hall, has stood almost alone, challenging the legal validity of the advance tax ruling Revenue Canada was forced to issue.
I fear LPG crisis in the coming days, if concerns of LPG importers regarding advance tax, regulatory duty, signature and premium bonus are not addressed immediately,' he said while talking to reporter.
5% advance tax for ensuring a smooth supply of the imported commodity.
Investors see corporate advance tax payments as an advance indicator of corporate profits during the quarter for taking their investment decisions.
Advance tax would also be applicable on sales against cash of any instrument, including Demand Draft, Pay Order, CDR, STDR, SDR RTC or any other instrument of bearer nature or on refund of these instruments.
ISLAMABAD -- The LPG shortage crisis is on the cards as importers of LPG has threatened to suspend import of LPG from next month in case government does not withdraw regulatory duty and advance tax.
77 lakh crore has been received as Advance Tax up to 30th September, 2017 reflecting a growth of 11.
ISLAMABAD -- The Federal Board of Revenue (FBR) on Friday imposed 5% advance tax on different functions including wedding, seminar, workshop, exhibition, concert, party or any other gathering at a hotel or any other commercial place.
Following reports that the foreign airlines are avoiding collecting advance tax on international air tickets the Large Taxpayers Unit (LTU) Karachi has strongly recommended the Federal Board of Revenue (FBR) to collect the said levy on fixed amount basis it was learnt on Friday.
Further, CII is of the view that payment of advance tax by SMEs should be made flexible with the option to pay advance tax during the following quarter.
Companies in the sample ( 34) have paid over 13 per cent more advance tax during July- September quarter compared to what they paid in the same quarter in 2009, reflecting that the companies are likely to post good profits during the current quarter.
According to the procedure given in the proposal for adjustable advance tax on capital gains from sale of securities shall be chargeable as under, where holding period of a security is less than six months the rate of tax would be 2 percent of the capital gains derived during the quarter.