Page 38 - P6 Slide Taxation - Lecture Day 4
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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.