Page 23 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
P. 23
Tax consequences of declaring
dividends
O From 1 April 2012 - dividends tax levied on dividends
Dividend subject to dividends tax:
Section 64D: As defined
O dividend paid by a resident co in s1
O divided paid by a foreign co if shares are listed on JSE to
the extent that it does not consist a distribution of an
asset in specie (only cash dividends)
O Foreign dividends – dividends tax N/A if it is a dividend in
specie
