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April 2024Tax Alert : Dividend Directive 7/2011 requires ( legal entities ) , capitalization or distribution of the financial year 2022/2023 net profit after reserve and business income tax within 12 months of the year-end
If capitalization has been opted for, DARA authenticated shareholders' minutes & renewed business license, as proof of doing so, must be dated before the above date.
Relevant legal provisions below
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