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)