1.8.2 Process Fund Dividend WHT

This topic provides the systematic instructions to process Fund Dividend WHT.

1. You can mark the component defined as tax rebate component or as a link component. The component can also be marked to define if the Tax has to be excluded or included.

   The dividend tax process will check if the dividend component ID’s marked as Tax rebate and the link component and calculate the dividend withholding tax amount. If the tax difference amount is greater than zero, then new WHT amount will be same as of Tax Difference Amount; Otherwise New WH Tax Amount will be zero.

   For all other taxable dividend components (meaning taxable component id which are not maintained as Tax Rebate), the system will calculate the dividend withholding tax as per the regular method / calculation. This is applicable for both UT and LEP business.

2. If Exclude EPU is maintained as Yes then during fund dividend processing (fund dividend screen), the system will not add up to derive the EPU else there will be no change in processing the dividend.