n Without Prejudice - The administrative burden facing companies : tax

Volume 8, Issue 8
  • ISSN : 1681-178X



Currently, any company or close corporation paying a dividend to its shareholders or members is required to pay secondary tax on companies (STC) at the rate of 10%. The mechanics of the tax are simplistic in that the company only needs to determine the excess of dividends paid over those received, and to pay the 10% tax due by the end of the month following the month within which the dividend was declared.

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