In South Africa, companies often advance funds to shareholders or connected persons through interest-free or low-interest loans. While this might seem like a simple arrangement, the Income Tax Act treats it differently for tax purposes. What Are Deemed Dividends? When…

Dividends Tax is a levy on shareholders when they receive dividends from their investments. This tax is typically withheld by a withholding agent, such as the company paying the dividend or a regulated intermediary. Here’s a concise overview to help…