Declaring share dividends | Fin24
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Coronavirus Funding

    Could a R100 billion social impact bond help fund SA's Covid-19 interventions?

  • Money Clinic

    I have invested R1m to be paid out monthly, I have not received any during Covid-19. What can I do?


Declaring share dividends

Jul 25 2013 14:10
A Fin24 user wants to know how his share dividends have to be declared. He writes:

Should share dividends received (the total net amount after dividends tax) be declared under amounts considered non-taxable for tax year 2013?

Marc Sevitz of TaxTim responds:

Companies and investment houses should have issued an IT3b for dividends indicating the tax paid and the amount paid out to the shareholder.

Initially there was supposed to be a section on the current ITR12 income tax return for the taxpayer to complete this. However, this has not happened yet.

Given that the taxpayer has already paid the tax to Sars in the form of the withholding amount there is no real need to enter this into the tax return.

However, it is always advisable to be completely open with Sars and so for now it would be best to include the net amount under amounts considered non-taxable” in the “exempt local and foreign dividends” box.

- Fin24

Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.

Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.

taxtim  |  tax  |  money  |  money clinic


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote