OGDCL Notice: Dividend Withholding Tax Rates and Shareholder Tax Status
OGDCL Notice · Gujranwala · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Friday, 25 September 2026, listed under Gujranwala. Issued by OGDCL Notice.
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Oil & Gas Development Company Limited (OGDCL) notifies shareholders about withholding tax treatment on dividend payments under Section 150 of the Income Tax Ordinance, 2001. The notice explains different withholding rates applicable depending on taxpayer status and provides instructions for CDC participants and other shareholders to submit tax details or exemption certificates.
Key points:
| Item | Detail |
|---|---|
| Withholding rates on dividends | 15% for filers on the FBR Active Taxpayers List (ATL); 30% for non‑filers. |
| Action required | Shareholders (including CDC participants) must ensure their tax status and identification details are updated with their CDC participant/broker or the share registrar. A valid Tax Exemption Certificate may be submitted where applicable to claim exemption. |
| Timeframe | Shareholders are asked to provide the required information within 10 days. |
Recommended information to provide: shareholder name, CDC participant ID and CDC account number (if applicable), CNIC or passport or NTN, filer/filer status (ATL membership), and any Tax Exemption Certificate to claim exemption. Failure to supply required tax information may result in higher withholding at source.
Published in Nawa-i-Waqt on Friday, 25 September 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
Questions about this notice
- What is the last date for this notice?
- This advertisement prints no last date. Read the clipping and confirm with OGDCL Notice.
- Which newspaper published this notice?
- Nawa-i-Waqt, in the edition of Friday, 25 September 2026.
- Which city is this notice for?
- Gujranwala — the location listed for this advertisement.
- How do I respond to this notice?
- Follow the instructions printed in the clipping; the advertiser’s own page is linked from this one. Applications are not submitted through this page.
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