NB!! Amendment to Dividend Tax implementation date
In yesterday’s Budget Speech, the Minister announced that the new Dividend Tax rate effective 22 February 2017 will increase from 15% to 20% – this is bad news if you’re a shareholder or an investor as you will now pay 5% more than before in Dividend Tax.
That means that any dividends declared on or after the 22nd February 2017 will attract dividend tax of 20% not 15%.
Please contact us should you have any queries in this regard.