Tax notes: A paradigm shift — withholding tax on dividends

2008-06-11 00:00

In his 2007 Budget Speech, Finance Minister Trevor Manuel announced reforms to the manner in which dividends were to be taxed. The reforms entailed an eventual scrapping of Secondary Tax on Companies (STC) and the introduction of a withholding tax on dividends.

An important point to note is that all STC credits on dividends accrued will expire. The date of expiry has not been announced, but it is widely anticipated that the credits will expire when the withholding tax is introduced. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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