Dividend

The full amount declared before withholding tax.

Net to shareholder

R 0

after 20% dividends tax withheld at source

Gross dividendR 0
Dividends tax @ 20%−R 0
Net to shareholderR 0
Common exemptions: SA resident companies receiving dividends from other SA residents; registered pension, provident and RA funds; public benefit organisations; and non-residents from countries with favourable tax treaties. The paying company withholds tax only when the recipient is taxable.