Dividends and dividends tax are often forgotten throughout everyday transactions. When an event arises where a dividend or deemed dividend is declared and distributed, it becomes difficult and time consuming to research and apply the relevant rules for the event.
For this reason, ProBeta Training offers a session dedicated to exploring this matter, clarifying the requirements and repercussions of dividends and deemed dividends for both the person declaring it and the person receiving it.
The course includes, but is not limited to
• Considerations in general:
o What constitutes a dividend (including deemed dividends and dividends in specie)
o Dividend stripping
o Low interest loans from directors and shareholders
o Value shifting arrangements
o Deemed dividends in relation to transfer pricing
o Dividends paid under employee share schemes
• Considerations for the shareholder / recipient:
o Declaration of exemption responsibility
o Inclusion and exemption
o Foreign dividends (including conversion to local currency)
• Considerations for the declaring entity:
o Withholding tax responsibility (including due dates for payment)
o Penalties and interest for non-payment and late payment
o Repayment of dividends from the shareholder
o Dividend paid out of a dividend
o Clarifying the concept of contributed tax capital
