Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)Notices2006 NoticesSpecial Tax Measures relating to 2010 FIFA World Cup South AfricaPart III: Tax treatment of certain other entities7A. Secondary tax on companies treatment of dividends |
There shall be exempt from the secondary tax on companies so much of any dividend declared in the course or in anticipation of the liquidation, deregistration or final termination of the corporate existence of a company which was incorporated in the Republic with the sole purpose of carrying out the obligations of its shareholders as—
| (a) | a FIFA Designated Service Provider; |
| (b) | a Hospitality Service Provider; or |
| (c) | an affiliated entity in relation to such FIFA Designated Service Provider or Hospitality Service Provider as contemplated in paragraph 1(2), |
as is shown by the company to be from any receipt or accrual that was excluded from ‘gross income’ as defined in the Income Tax Act, 1962, by paragraph 7.
