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Declaring Withholding Tax on Local Dividends

Posted 6 August 2013

I have received my It3(b) certificates from the various investment companies I deal with. 3 of them show how much the withholding tax on my local dividends was, 1 (from a stock broker) does not. How do I declare the dividends on the ITR12? Do I need to enter the gross amount before withholding tax and then indicate that withholding tax was deducted? Or will SARS assume that withholding tax has been deducted? Basically I just need to know if there is a certain section of the form that allows me to enter what my dividends were before withholding tax or if I can fill in the amount AFTER tax was deducted.

TaxTim Marc TaxTim Marc said:
7 August 2013 at 15:47

The form has not been updated for this yet, despite SARS indicating they would. For now you can enter the after tax amounts under, 'amounts not considered taxable' under exempt dividends.

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