n Tax Breaks Newsletter - 'Deemed dividends' warning : dividend taxes
|Article Title||'Deemed dividends' warning : dividend taxes|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Dec 2009|
|Pages||7 - 8|
The common practice of one subsidiary of a holding company making a loan to another may prove costly going forward, as the loan may attract Secondary Tax on Companies (STC), levied at 10% of the loan amount.
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