Page 39 - P6 Slide Taxation - Lecture Day 4
P. 39

EXEMPT FROM DIVIDENDS TAX CONT.







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




                                                                                                         Exemptions s 64 F

        • Pension fund, provident fund, retirement annuity fund, friendly society

            or medical scheme


        • CSIR, south african inventions development corporation, SA national


            roads agency


        • S/H in a micro business iro dividends ≤ R200 000 per yoa


        • Non- resident and the dividend was declared by non-resident co listed

            on the JSE


        • Portfolio of a collective investment scheme in securities



        • Any person, if dividend was subject to STC


        • From 1 march 2015 – a natural person iro a dividend paid iro a tax free

            investment (s12t)
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