Page 38 - P6 Slide Taxation - Lecture Day 4
P. 38

EXEMPT FROM DIVIDENDS TAX






                         Dividend ≠ in specie – exempt if the beneficial owner is:







             • A resident company                                                                 Exemptions s 64 F


             • Government, provincial administration or municipality



             • Public benefit organisation (PBO)


             • Closure rehabilitation trust



             • Institution/board/body with the sole or principle objective of:


                    • Scientific/technical/industrial research

                    • Goods supplied/services rendered to government/general public


                    • Carry on activities promoting commerce/industry/agriculture.
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