Page 54 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax

Rebate iro foreign taxes on

dividends (s64N)

O Foreign co listed on JSE – subject to dividends tax (If

paid to resident)

O If dividend also subject to tax in foreign country =

entitled to rebate ito s64N

O Rebate = foreign tax paid

Dividends tax = s 64N(4)

O Translate dividend using spot rate on date paid

O Calculate dividends tax

O Less foreign tax paid

O = dividends tax to be withheld