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Income Tax Act, 1962 (Act 58 of 1962)

Chapter II: The Taxes

Part VIII : Dividends Tax

64EA Liability for tax

 

 

Subject to section 64J(7) any-

(a) beneficial owner of a dividend, to extent that the dividend does not consist of a distribution of an asset in specie; or
(b) company that is a resident that declares and pays a dividend to the extent that the dividend consists of a distribution of an asset in specie, is liable for the dividends tax in respect of that dividend.