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Dividend Tax

Posted 25 February 2016 under Tax Questions



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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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TaxTimTaxTim 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.


TaxTimTaxTim says:
24 February 2016 at 12:35

This is assuming the micro business is registered for turnover tax of course.


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?


TaxTimTaxTim 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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