What is the main difference between Dividends Tax and STC?

The main difference lies in who is liable for the tax. Dividends Tax is a tax levied on shareholders (beneficial owners of dividends) on receipt of dividends, whereas STC is a tax levied on companies on the declaration of dividends.

There is an exception to this basic Dividends Tax rule in the case of a dividend that consists of a distribution of an asset in specie - in such cases the company paying the dividend remains liable for the tax (as under STC).

Last Updated: 18/02/2013 11:16 AM     print this page
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