For tax 4 [years 2017 to 2019], a tax shall be imposed at the rate of 5 [five] percent of its accounting profit before tax on every public company, other than a scheduled bank or a modaraba, that derives profit for a tax year but does not distribute at least 6 [twenty] percent of its after tax
profits within six months of the end of the tax year through cash 7 [ ]: Provided that for tax year 2017, bonus shares or cash dividends may be distributed before the due date mentioned in sub-section (2) of section 118, for filing of a return.
Tax on Undistributed Profits in Income Tax Ordinance
