Page 29 - P6 Slide Taxation - Lecture Day 4

LEVY OF DIVIDENDS TAX (S64E)

Dividends tax = 15% x amount of dividend paid by the co

• Time?

• At which date is dividends tax levied?

• On date declared? Date paid?

• S 64e(2) deems a dividend to be paid on the earlier of:

• Date on which the dividend is paid OR

• Date on which the dividend becomes payable.