Print Page   |   Report Abuse
News & Press: SARS operational & eFiling questions

What is the relationship between the DWT01 and DWT02?

15 April 2015   (0 Comments)
Posted by: Author: SAIT Technical
Share |

Author: SAIT Technical

Q: Previously 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.

http://www.sars.gov.za/AllDocs/OpsDocs/Guides/DT-GEN-01-G02%20-%20Declaration%20of%20Dividends%20Tax%20via%20eFiling%20-%20External%20Guide.pdf

http://www.sars.gov.za/AllDocs/OpsDocs/Guides/DT-GEN-01-G03%20-%20A%20Quick%20Guide%20to%20Dividends%20Tax%20-%20External%20Guide.pdf  

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.


WHY REGISTER WITH SAIT?

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.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by YourMembership.com®  ::  Legal