TAX BLOG

How do you capture local dividends in Taxplanner 2013 and 2014?

With the new change in local dividends the gross amount is taxed at 15%, which is deducted at source as withholding tax. (eg. R1 500 of R10 000 is paid to SARS)

Therefore the best place to capture local dividends is under the "Income" tab under the heading "Remuneration & Pension".

The field to capture this amount is is called "Income non-taxable: (including local dividends)".

The amount captured there should be the net amount after the 15% has been deducted.

 

 


Add new comment

CAPTCHA
Please enter the letters / numbers from the image to prove you are a human visitor.
7 + 1 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.