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Accumulating overseas dividends do I pay tax on these in SA?

Posted 6 February 2017 under Tax Q&A

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M says:
6 February 2017 at 13:53

If the dividends from overseas shares are accumulated back into the fund in the UK, do I need to pay tax on them in SA even if I am not having them paid out to me. In the UK I do not have to pay tax on them if they are accumulated.

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TaxTim TaxTim says:
6 February 2017 at 16:19

Despite not receiving the dividends you still earn them and would need to declare them as foreign dividends in your SA tax return. The most that they would be taxed however is at 15%.


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