Page 51 - P6 Slide Taxation - Lecture Day 4
P. 51
EXAMPLE
2. Edoco ltd declared a dividend of R1,50 per share on 15 august
2013 that is payable to shareholders who are registered on 31
august 2013. The total dividend of R15 000 000 was paid to a
central securities depository participant (a regulated intermediary)
on 1 september 2013. The central securities depository participant
paid the dividend to edoco ltd’s shareholders on 2 september 2013.
20% of edoco ltd’s shares are held by a pension fund that submitted
a declaration to the central securities depository participant that it is
exempt from dividends tax on 1 september 2013. The other 80% of
edoco ltd’s shareholders are natural persons who are residents in
south africa.
