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News & Press: Corporate Tax

SARS Phased Implementation of New Dividends Tax

Monday, 02 April 2012   (0 Comments)
Posted by: SAIT Technical
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SARS - Although Dividends Tax becomes effective on 1 April 2012 the first payments for this new tax are only due by the end of May 2012. To effectively administer the tax, SARS is busy finalising the design and implementation of an end-to-end solution that will enable all the parties involved in the Dividends Tax process (issuing company, withholding agents and beneficial owners) to submit the relevant data and make Dividends Tax payments to SARS. A phased approach with respect to implementation will be followed.

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