Page 40 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
P. 40
Exempt from dividends tax cont.
Dividend ≠ in specie – exempt if the beneficial owner is:
Exemptions s 64 F
O Pension fund, Provident fund, Retirement Annuity Fund,
friendly society or medical scheme
O CSIR, South African Inventions Development Corporation,
SA National Roads Agency
O S/H in a Micro Business iro dividends ≤ R200 000 per yoa
O Non- resident and the dividend was declared by non-
resident co listed on the JSE
O Portfolio of a collective investment scheme in securities
O Any person, if dividend was subject to STC
O From 1 March 2015 – a natural person iro a dividend paid
iro a tax free investment (s12T)
