Results 1 to 2 of 2

Thread: Dividends tax question

  1. #1
    Full Member
    Join Date
    May 2013
    Location
    South Africa
    Posts
    61
    Thanks
    32
    Thanked 2 Times in 2 Posts

    Dividends tax question

    Good day,

    I have a vesting Trust which received Old Mutual Share dividends. According to OM, they have deducted 15%withholding tax.
    The Trust receiving the dividends is not going to make any distribution of income to any of the beneficiaries for the 2013 tax year.

    Will this dividend then be declared for tax purposes as income and based on 40% or will it in fact be exempt per prior years and not included in taxable income?

    Thanks

  2. #2
    Gold Member
    Join Date
    Mar 2012
    Location
    Vanderbijlpark
    Posts
    886
    Thanks
    83
    Thanked 381 Times in 298 Posts
    They are non-taxable in the hands of the recipient.

Similar Threads

  1. Dividends tax question
    By Roger15 in forum Accounting Forum
    Replies: 2
    Last Post: 04-Jun-13, 12:44 PM
  2. November 2010 Paper 2 Exam Question 1 and Question 2 (ANSWERS)
    By Fikani2010 in forum Electrical Contracting Industry Forum
    Replies: 10
    Last Post: 12-May-13, 10:49 PM
  3. dividends tax
    By StephanieB in forum Accounting Forum
    Replies: 13
    Last Post: 22-Jun-12, 12:58 PM
  4. Pty Dividends
    By Just Gone in forum General Business Forum
    Replies: 1
    Last Post: 30-Apr-12, 07:35 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •