Page 14 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 14
What Is Contributed Tax Capital
How will the holder of a share know whether the
distribution received on its shareholding constitutes a
distribution from…
O retained earnings? or
O contributed tax capital?
Now a requirement by law that the Co (directors) must
notify the holders of share in writing at each
distribution to what extent the distribution constitutes
a reduction in contributed tax capital .
