Dividends subject to dividend tax
| OUTCOMES OF TOPIC After studying this topic on the introduction to Dividends Tax and Securities Transfer Tax, you should be able to: ✓ Determine when Dividend Tax should be considered in a transaction; ✓ Determine when Securities Transfer Tax should be considered in a transaction; ✓ Understand what is meant by the term “dividend in specie”; ✓ Understand when the company will be liable for Dividends Tax; ✓ Calculate Dividends Tax on a distribution by a company to its shareholders; ✓ Understand the additional tax implications of a dividend in specie; ✓ Understand that Dividend Tax Returns should be completed and submitted to SARS when a company pays dividends; ✓ Complete the relevant sections on the form creation section of the ITR14 return in order to generate the dividends schedule for completion; ✓ Complete the dividends schedule on the ITR14 return for cash dividends declared by a company |