Page 5 - P6 Slide Taxation - Lecture Day 4
P. 5

DEFINITION OF A DIVIDEND







                  • Dividends incl. In gross income of receiver



                         • S1 par (k)


                  • Most dividends are exempt from normal tax


                         • S10(1)(k) – local


                         • S10B – foreign



                  • Distribution of dividends are subject to dividends tax with

                     effect from 1 april 2012 @ 15% - co has to withhold the


                     dividends tax
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