Holding company ABC (pty) ltd owns 60% shares in XYZ (pty) ltd
Once XYZ declares an after tax profit, how do you transfer the money across to ABC (pty) ltd? is it subject to an additional 15% dividends tax?
Thanks,
Holding company ABC (pty) ltd owns 60% shares in XYZ (pty) ltd
Once XYZ declares an after tax profit, how do you transfer the money across to ABC (pty) ltd? is it subject to an additional 15% dividends tax?
Thanks,
No it is not subject to withholding tax, because the shareholder is incorporated and its profits are taxed.
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