Page 44 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 44
Dividends Tax
• Dividend paid by non-resident Co not listed on SA
securities exchange – not subject to dividends tax in
SA
• If listed non-resident Co – dividends tax levied on
resident holder of shares only – CASH dividends only
• Dividend declared by resident Co to non-resident –
dividend subject to dividends tax (reduced ito double
tax agreement with country where s/h is resident)
