- Five foreign dividends you don't have to pay tax on
- Do you benefit from investments from companies outside of South Africa? Did you know that SARS has changed the exemption on foreign dividends? Well, this means all your foreign dividends are taxable in South Africa.
But wait there's good news.
There are five foreign dividends you can receive from investments in companies located in other countries that are tax free!
Read how you can take full ... ››› more
- [01 July 2015]
- SARS says your foreign dividends are now 100% taxable in South Africa. But there are five tax-free dividends you can take advantage of
- A few years ago, SARS took Secondary Tax on Companies (STC) away as a form of taxing dividends. Dividends Withholding Tax (DWT) replaced this.
But, with this change, SARS had to align the treatment of foreign dividends for tax purposes, as the new basis of DWT was a tax on the individual taxpayer, and no longer the company.
This meant SARS would tax you on the tax rates per the individual ... ››› more
- [20 May 2015]
- Revealed: Two dividend payments exempt from dividends tax
- Did you know that some dividend payments are automatically exempt from Dividends Tax (DT)? That's right. If your company pays these out, the beneficial owners of your dividend payouts won't have to submit the declaration and undertaking to prove it! Here are the two dividends that are exempt from DT.
As mentioned, some dividend payments are automatically exempt from DT.
What are they?
T... ››› more
- [27 November 2013]
- Here's how to avoid a SARS audit of your dividends
- If you're waiting for your dividends payout, make sure it doesn't come with a SARS audit or penalty! Here's how... The experts at the Practical Tax Loose Leaf explain everything you need to know.
First, take note that when your company pays out a dividend, it'll withhold the Dividends Tax (DT) from the payment to the shareholder. It then pays this over to SARS (in much the same way that you d... ››› more
- [18 November 2013]
- Dividends Tax: Are you at risk of being audited?
- Dividends Tax (DT) is a tax charged when a dividend is paid out. While the liability for tax falls on the shareholder, the company paying the dividend must withhold the tax and pay it to SARS on behalf of the shareholder. As the company paying the dividend, it's crucial that you get this right. If you don't, you'll expose your company to a SARS audit. Use this checklist to ensure you're not at ris... ››› more
- [31 October 2013]
- Five terms to help you decode and complete your DTR2 form quick and easy
- When your company pays out a dividend, you must withhold Dividends Tax (DT) from your shareholders' payment and pay it over to SARS. This means your company must complete and submit a DTR02 form to SARS. Here are five terms to help you decode your DTR02 form and complete it correctly.
DT is a tax imposed on shareholders when they receive their dividends.
"You can't afford to make a mistake ... ››› more
- [17 October 2013]
- Are you aware of the three basic features of dividends under the recent DT rules?
- On 1 April 2012, the new Dividends Tax (DT) came into effect, replacing Secondary Tax on Companies (STC). While it's been a year since DT came into effect, many companies are still getting the treatment of dividends wrong. To ensure you always get this right and avoid penalties, here are the three basic features of dividends under the new DT rules.
'SARS is going to be scrutinising your company... ››› more
- [16 July 2013]
- Don't delay in submitting your dividends tax return!
- The deadline for submitting your dividends tax return is fast approaching -it's on 1 March! Many businesses are hoping for this week's Budget Speech to implement tax deductions to ease their financial burden. They're hoping that dividends tax will be one of the areas affected, but that's not likely as it's only just been implemented, and this any changes implemented in this year's Budget Speech wi... ››› more
- [25 February 2013]
- Don't forget the legal tax provisions for dividends received or accrued after 1 January 2013!
- The latest ENS tax news update offers a reminder that provisions of the Income Tax Act came into operation on 1 January 2013. Here's all you need to know about how the sections apply to your dividends or foreign dividends received or accrued after 1 January 2013, as well as what the anti-avoidance section means for you. In terms of the current provisions of the 2012 Taxation Laws Amendment Bill, t... ››› more
- [18 January 2013]