Dividends’ Tax – Completing the DTR01

Once you have registered for Dividends Tax it also helps at this stage to update your user rights.

• FICA Status indicators
  Select the appropriate status Successful, Not FICA’ed or Exempt Identification type
  Select the applicable identification type from a pre-populated list
• Identification number
  Complete your ID number or passport number
• Person liable for tax
  Beneficial owner (BO) or the Declaring Company (DC). This field will be pre-populated
• Distribution type
  Pass through (PT) or beneficial owner (BO). This field will be pre-populated
• Income tax ref no
  Complete the income tax reference number of the beneficial owner
• Tax residency (e.g. South Africa = ZAF)
  Select the applicable tax residency from a pre-populated list
• Exemption claimed
  Select the exemption claimed under which paragraph from a pre-populated list
• Passport country (e.g. South Africa = ZAF)
  The correct passport country must be completed
• DTA reduced rate requirements met
  If there is a double taxation agreement between RSA and another country and a reduced rate is applicable, ‘Yes’ must be selected.
  

• STC credit per share (Cents)
  It is the STC credit utilised divided by the Dividend value multiplied by the Number of shares. Complete the value in cents.
• Dividend per share (Cents)
  The dividend per share amount must be completed in Cents
• STC credit allocated
  The STC credit amount will be populated once the STC credit per share has been completed
• Micro business exemption
  If a micro business exemption is applicable, the exemption amount must be completed in this field
• Dividend subject to tax
  This field will be calculated and populated by the form
• Tax rate applicable (0%-15%)
  The correct tax rate must be completed (unless defaulted based on earlier selections)
• Tax payable prior to rebate
  This field will be calculated and populated by the form
• Less: Rebate for foreign tax paid
  Any rebate received for foreign tax paid must be completed in this field
• Tax withheld
  This field will be calculated and populated by the form
• Net amount distributed to beneficial owner
  

• Amendment indicators
  This field will only be editable once a ‘Request for Correction’ is selectedFICA Status indicators
  Select the appropriate status Successful, Not FICA’ed or Exempt.
• Nature of person
  This field must be completed from a pre-populated list
• Identification type
  Select the applicable identification type from a pre-populated list
• Identification number
  Complete your ID number or passport number
• Person liable for tax
  Beneficial owner (BO) or the Declaring Company (DC). This field will be pre-populated
• Distribution type
  Pass through (PT) or Beneficial owner (BO). This field will be pre-populated
• Date of Inception (CCYYMMDD)
  This is the date that the company/trust started
• Tax residency (e.g. South Africa = ZAF)
  Select the applicable passport country from a pre-populated list
• Exemption claimed
  Select the exemption claimed under which paragraph from a pre-populated list
• DTA reduced rate requirements met
  If there is a double taxation agreement between RSA and another country and a reduced rate is applicable, ‘Yes’ must be selected.
  

This section must be completed by the entity that received dividends as regulated intermediary for distribution.

This section must be completed by the entity reporting on cash dividends that they distributed.

• Mark here with an ‘X’ if the entity submitting this return also declared the dividend
  This field will be pre-populated from the wizard if you selected ‘Yes’ from the question ‘Was a dividend declared?’
• Amendment Indications
  This field will only be editable once a ‘Request for Correction’ is selected
  You will then be asked to supply details of the entity who paid the dividend

Simply fill in this section with all the details of the dividend received