Dividend income is generally sourced on the basic of which of the following A. T

Question

Dividend income is generally sourced on the basic of which of the following A. The residence of the shareholder receiving the dividend. B. The residence of the corporation paying the dividend. C. The source of the corporation income. D. The nature of the corporation ‘s business Dividend income is generally sourced on the basic of which of the following A. The residence of the shareholder receiving the dividend. B. The residence of the corporation paying the dividend. C. The source of the corporation income. D. The nature of the corporation ‘s business

Explanation / Answer

Ans : Option B , The residence of the corporation paying the dividend

Generally speaking, the source of divindend income is the payers country of incorporation unless an exception is met. Thus US corporations pay US sourced income and foreign corporation pay foreign source income.

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