Page 110 - Companies & Dividend Tax
P. 110
CORPORATE RULES
Taxation of foreign income (including foreign
dividends)
Section 6quat rebate
• Section 6quat provides for a deduction against income
where foreign taxes have been paid on income from a
South African source (section 6quat(1C)). This part is
excluded from the SAICA examinable pronouncements
2019.
• The maximum rebate for any foreign tax paid is limited
to the total normal tax payable as determined by
applying the ratio between the total foreign taxable
income and the total of all taxable income. Any excess
amount of foreign taxes paid is carried forward.
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