Page 19 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
P. 19
Excluded from definition of
dividend – (3)
O If a co that is listed on the JSE re-purchase its own
shares in terms of s 5 of the “JSE Limited Listing
Requirements” the consideration paid by the company
in return for the shares will not constitute a dividend in
the hands of the S/H.
