Page 46 - P6 Slide Taxation - Lecture Day 4

Withholding Of Dividends Tax (S 64G

And S64H)

• Dividends tax = a withholding tax

• Thus, the tax is withheld on behalf of the holder of the share

(except with a dividend in specie).

• Who withholds the dt on behalf of the holder of the share?

•Either the co (s 64g) which declares and pays the dividend

•Or a regulated intermediary (s 64H) (if the dividend is paid

by co to regulated intermediary)

•Not both!!!