Dividends tax rate south africa
Rates of tax (R) 1 – 195 850. 18% of taxable income. 195 851 – 305 850. 35 253 + 26% of taxable income above 195 850. 305 851 – 423 300. 3 RATE The Secondary Tax on Companies rate was 10% at the time it was replaced with the Dividends Tax. The liability for Secondary Tax on Companies is triggered by declaration of a dividend, falls on the company declaring the dividend, and is payable on top of the dividend distributed. Dividends Tax: Dividends tax is a final tax at a rate of 20% . on dividends paid by resident companies and by non-resident companies in respect of shares listed on the JSE.. Dividends are tax exempt if the beneficial owner of the dividend is a South African company, retirement fund or other exempt person.