FAQ: What is the rate of Dividends Tax?
Dividends tax was introduced at a rate of 15% when it came into effect on 1 April 2012. The rate was increased to 20% in respect of any dividend paid on or after 22 February 2017 (irrespective of when it was declared).
FAQ: What is a dividend?
A dividend is defined in section 1 of the Act, but in essence is any payment by a company for the benefit of a shareholder in respect of a share in that company (excluding the return of contributed tax capital, i.e. consideration received by a company for the issue of shares).
FAQ: What is meant by beneficial owner?
The beneficial owner is the person entitled to the benefit of the dividend attaching to a share.
FAQ: Who is liable for the Dividends Tax?
The beneficial owner of the dividend is liable for the Dividends Tax – normally this would be the shareholder. However, if the particular dividend consists of a distribution of an asset in specie the liability falls on the company paying the dividend (similar to the situation under STC).
FAQ: What is the current rate on Air Passenger Tax?
Standard rate departures are R190 per ticket (for a destination other than SACU countries) Lower rate departures to BLNS countries (Botswana, Lesotho, Namibia and Swaziland) are R100 per ticket.
FAQ: Is Air Passenger Tax payable on complimentary tickets?
Complimentary or free tickets issued do not fall within the exemptions of Air Passenger Tax. Therefore where complimentary tickets are issued the applicable rate must apply.
FAQ: When do you receive this statement?
At the end of each month. It reflects all transactions that took place during the month.
FAQ: When do you submit the return?
The airline/operator is liable, within 21 days after the end of the month during which the amount was collected, to pay SARS.
FAQ: How do I upload supporting documents (relevant material) on eFiling?
To upload supporting documents (relevant material), follow these steps: Logon to eFiling Select: Returns Returns History The applicable type of tax (e.g. ITR12, Employees Tax, etc.) – a list of all returns/declarations sent will be shown. The return/declaration for which you have been asked to send supporting documents (relevant material) Click Open, on the far […]
FAQ: May a person who has been de-registered again register for turnover tax?
No. If a person has been deregistered from turnover tax, they may not be registered as a micro business again.
