18 Feb Companies, don’t lose your credits!
If you have a company, or have clients who are companies, please take note:
During the transition period from an STC regime to the current Dividends Tax regime, SARS has allowed for STC credits to reduce the Dividends Tax liability for shareholders who receive dividends. On 1 April 2015, this transition period comes to an end.
Companies, please remember to declare your dividends before 31 March 2015 in order to use any remaining STC credits before they fall away. Although dividend income funds will continue to distribute STC credits right up until 31 March 2015, any benefit will fall away if not declared before this date. Click here for more information.
Please contact me if you have any questions.