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STC credits – further reminder of looming deadline

Monday, 02 March 2015   (0 Comments)
Posted by: Author: PwC South Africa
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Author: PwC South Africa

STC credits of a company can be used until 31 March 2015 to reduce dividends subject to dividends tax.

Companies are once again reminded that the deadline for the use of STC credits is fast approaching. On 1 April 2015 the STC credits of a company will be deemed to be nil. The effect of this is that from that date STC credits will not be available to reduce the amount of dividends that are subject to the dividends tax.

Companies with a balance of STC credits should act now to consider the payment of dividends before the deadline in order to utilise any STC credits and consult with us as to possible solutions. 

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