On 22 March 2018, the Government of South Africa released an updated version of its draft interpretation note on the taxation of foreign dividends.
The ratios applied in section 10B (3) to calculate the partial exemption applicable to foreign dividends were amended. Also, the circumstances in which the exemption is no longer available under section 10B (5) and section 10B (6) is amended.
Comments are being sought on the same draft by 30 June 2018.
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