Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
"foreign dividend"
means any amount that is paid or payable by a foreign company in respect of a share in that foreign company where that amount is treated as a dividend or similar payment by that foreign company for the purposes of the laws relating to—
| (a) | tax on income on companies of the country in which that foreign company has its place of effective management; or |
| (b) | companies of the country in which that foreign company is incorporated, formed or established, where the country in which that foreign company has its place of effective management does not have any applicable laws relating to tax on income, |
but does not include any amount so paid or payable that—
| (i) | constitutes a redemption of a participatory interest in an arrangement or scheme contemplated in paragraph (e) (ii) of the definition of ‘company’; or |
| (ii) | [Paragraph (ii) deleted by section 2(1)(f) of the Taxation Laws Amendment Act, 2012 (A) - deemed to have come into operation on 1 March 2012]; |
| (iii) | constitutes a share in that foreign company; |
[Paragraph (iii) inserted by section 2(1)(g) of the Taxation Laws Amendment Act, 2012 (Act No. 22 of 2012) - deemed to have come into operation on 1 January 2011]
[Definition substituted by section 7(1)(k) of the Taxation Laws Amendment Act, 2011 (Act No. 24 of 2011) - effective 1 January 2011]
