FAQ: What are the required “declarations” and “undertakings” to be submitted to qualify for exemptions from Dividends Tax?

Dividends payable to certain beneficial owners (shareholders) could be exempt if the beneficial owners submit the required declarations and undertakings to the company / withholding agent prior to the payment of the dividend. The declaration and undertaking should be in the format prescribed by the Commissioner, and should be made available to all shareholders (beneficial owners) by the company or its withholding agent.