Page 59 - Companies & Dividend Tax
P. 59
DIVIDENDS
Cash Dividend and Dividend in specie
• A cash dividend may be subject to Dividends Tax.
• Dividend in specie - A company can also distribute
an amount to the holder of a share in a form other
than cash, such as a capital asset or trading stock.
• This is called an in specie dividend.
• Dividends in specie may have normal tax, VAT and
Dividends Tax consequences.
59
