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Hannes says: 23 February 2016 at 17:52 Is dividend tax deductible from normal tax payable for Micro Business exceeding the R200 000 dividends tax exemption threshold? |
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TaxTim says: 24 February 2016 at 12:35 Dividends tax will be payable at 15% on the dividend declared by the micro business exceeding R200,000. |
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TaxTim says: 24 February 2016 at 12:35 This is assuming the micro business is registered for turnover tax of course. |
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Hannes says: 24 February 2016 at 15:34 I am registerred for turnover tax, the question thus is if I pay 210 000 dividends, the 15% Dividends Tax to be paid on the 10 000 is that DTac deductable from the Turn Over Tax to be paid according to the tax table? |
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TaxTim says: 25 February 2016 at 13:16 It is not deductible. It is a completely separate tax to the turnover tax. You will need to complete a Dividends Tax Return which you can find on the SARS website. |
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