Page 55 - Chapters 17 & 18 - Dividends & Dividend Tax

Rebate iro Foreign Taxes On

Dividends (s64N)

• Foreign co listed on JSE – subject to dividends tax (If

paid to resident)

• If dividend also subject to tax in foreign country =

entitled to rebate ito s64N

• Rebate = foreign tax paid

Dividends tax =
s 64N(4)
• Translate dividend using spot rate on date paid

• Calculate dividends tax

• Less foreign tax paid

• = dividends tax to be withheld