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FAQ: What happens if the company does not notify the beneficial owner of the STC credit portion of the dividend?

If the company does not notify the beneficial owner of the STC credit part of the dividend –
  • the Dividends Tax liability of the beneficial owner may not be reduced by the STC credit portion, and
  • the beneficial owner (if it is a company) will not be able to use the incoming STC credit when it declares and pays a dividend.

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