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News & Press: Corporate Tax

SARS Introduction to Dividends Tax

02 April 2012   (0 Comments)
Posted by: SAIT Technical
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SARS - In 2007, the Minister of Finance announced that Secondary Tax on Companies (STC) would be replaced by Dividends Tax (DT). Since the announcement, legislation has been enacted annually to provide a legislative foundation for the implementation of DT (refer to sections 64D to 64N of the Income Tax Act, 1962 (the Act) in this regard). The Dividends Tax legislation has now principally been finalised and the implementation date of 1 April 2012 as announced in the annual budget speech has been made effective by way of notice in the Government Gazette on 20 December 2011.

For more information regarding the Dividends Tax, click here


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.


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.

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