With the introduction of new dividends tax, shareholders have been taxed before their dividends are paid to them. Does the company who has paid the dividends and paid the tax to SARS now have to issue certificates to the individual shareholders confirming how much tax has been deducted? If so which certificate must be issued?
Shareholders should receive IT3b's from the companies indicating the gross, tax and net value of the dividend transactions. SARS has intimated that there should be a new section of the ITR12 asking for these detail, but it does not appear that this has happened yet.
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