Page 40 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 40

Exempt From Dividends Tax




                                                             Cont.





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

                                                                                                             Exemptions s 64 F


             • Pension fund, Provident fund, Retirement Annuity Fund,
                  friendly society or medical scheme


             • CSIR, South African Inventions Development Corporation,
                  SA National Roads Agency


             • S/H in a Micro Business iro dividends ≤ R200 000 per yoa

             • Non- resident and the dividend was declared by non-

                  resident co listed on the JSE

             • Portfolio of a collective investment scheme in securities

             • Any person, if dividend was subject to STC

             • From 1 March 2015 – a natural person iro a dividend paid

                  iro a tax free investment (s12T)
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