there was only a DWT return form to complete and submit to SARS but now there
is a dividend data form as well. What is the link between these two forms? Must
they both be completed and submitted.
A: The DWT01
return was initially released without the DWT02 (transaction data return) and
was only issued during 2013. However both returns must be completed as seen per
the attached guide. The DWT02 return contained the detailed information
regarding the dividend paid per the DWT01 return. The completion of the returns
on SARS eFiling is illustrated in SARS dividends tax guide on eFiling.
Disclaimer: Nothing in this query and answer should be construed as
constituting tax advice or a tax opinion. An expert should be consulted for
advice based on the facts and circumstances of each transaction/case. Even
though great care has been taken to ensure the accuracy of the answer, SAIT do
not accept any responsibility for consequences of decisions taken based on this
query and answer. It remains your own responsibility to consult the relevant
primary resources when taking a decision.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.