Page 39 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 39

Exempt From Dividends Tax







                               Dividend ≠ in specie – exempt if the beneficial owner is:



                                                                                                    Exemptions s 64 F

             • A resident company


             • Government, Provincial administration or Municipality

             • Public Benefit Organisation (PBO)


             • Closure rehabilitation trust


             • Institution/board/body with the sole or principle objective of:

                   • Scientific/technical/industrial research


                   • Goods supplied/services rendered to government/general

                       public

                   • Carry on activities promoting commerce/industry/agriculture.
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