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Income Tax on Dividends

Posted 4 April 2017

RSS said:
4 April 2017 at 1:18

When receiving a Dividend from a Company (as a Shareholder). The Shareholder is taxed at 20% of the value on the dividend paid. If you're also earning a regular salary and paying PAYE monthly, would such dividends paid, be subject to additional Income Tax?

So, basically, would regular Individual Income Tax also apply on the dividend again after paying the 20% Dividend Tax?

TaxTim Neo TaxTim Neo said:
4 April 2017 at 7:15

No, the dividend is only taxed at the 20% rate and not at the employees tax rate too.

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