Page 43 - P6 Slide Taxation - Lecture Day 4
P. 43
DIVIDENDS TAX
• Dividend paid by non-resident co not listed on SA securities
exchange – not subject to dividends tax in SA
• If listed non-resident co – dividends tax levied on resident holder of
shares only – cash dividends only
• Dividend declared by resident co to non-resident – dividend subject
to dividends tax (reduced ito double tax agreement with country
where s/h is resident)
