Page 5 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 5

Definition Of A Dividend







                 • Dividends incl. in gross income of receiver



                      • S1 par (k)



                 • Most dividends are exempt from normal tax



                      • S10(1)(k) – local



                      • S10B – foreign



                 • Distribution of dividends are subject to


                     dividends tax with effect from 1 April 2012 @


                     15% - Co has to withhold the dividends tax
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