Page 6 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
P. 6
Definition of a dividend
O Dividends incl. in gross income of receiver
O S1 par (k)
O Most dividends are exempt from normal tax
O S10(1)(k) – local
O S10B – foreign
O Distribution of dividends are subject to dividends tax
with effect from 1 April 2012 @ 15% - Co has to
withhold the dividends tax
