Page 53 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax

Example

3. TechAps (Pty) Ltd declared a dividend of R2,00 per share on

15 December 2013 that is payable to all shareholders

registered on 31 December 2013. TechAps (Pty) Ltd paid the

total dividend of R10 000 000 to its shareholders on 5 January

2014. One of its shareholders, a portfolio of a CIS securities (a

regulated intermediary), holds 20% of its shares. The other

shares are held by natural persons who are residents. The CIS in

securities paid a dividend of R20 000 000 (which includes the

dividends received from TechAps (Pty) Ltd) to its unit holders on

28 February 2014. All its unit holders are natural persons who

are residents in South Africa.