Page 48 - Chapters 17 & 18 - Dividends & Dividend Tax

Withholding Of Dividends

Tax (s 64G And s64h)

• Dividends tax = a withholding tax

• Thus, the tax is withheld on behalf of the holder of

the share (except with a dividend in specie).

• Who withholds the DT on behalf of the holder of the

share?

• Either the co (s 64G) which declares and pays the

dividend

• Or a regulated intermediary (s 64H) (if the dividend is

paid by co to regulated intermediary)

• Not both!!!