Home » Eng Finance » D » Dividend warrant

Dividend warrant

A document entitling the recipient to a sum of money which can be obtained from a bank. It is similar to a cheque. It states gross amount, tax deducted and net amount paid. The shareholder who is not liable to taxation at standard rate will be able to claim a return (in part or whole) of the tax paid by sending the tax voucher, attached to the warrant, to the appropriate tax authorities.

Reference: The Penguin Business Dictionary, 3rd edt.