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Withholding tax dividends : a pilot study of the consideration of the administrative burden
Dissertation (MCom (Taxation))--University of Pretoria, 2010.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2013
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| _version_ | 1867613582017953792 |
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| access_status_str | Open Access |
| author2 | leanne.mccreadie@za.pwc.com |
| author_browse | leanne.mccreadie@za.pwc.com |
| author_facet | leanne.mccreadie@za.pwc.com |
| collection | Thesis |
| dc_rights_str_mv | © 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom (Taxation))--University of Pretoria, 2010. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/31108 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:38:26.101Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/31108 Withholding tax dividends : a pilot study of the consideration of the administrative burden leanne.mccreadie@za.pwc.com Mr PJ Nel McCreadie, Leanne UCTD Dividends tax Dissertation (MCom (Taxation))--University of Pretoria, 2010. It was announced in the 2007 February budget speech that National Treasury intended to replace STC with a new withholding tax on dividends to be called “the dividends tax”. New dividends tax provisions were then approved by Parliament in the Revenue Laws Amendment (60/2008). This study has taken the opportunity to investigate in detail what the administrative burdens in relation to this change are to companies. Firstly to meet this objective current legislation, being the Income Tax Act, and case law was examined. A study was then carried out, in which a questionnaire was formulated to send to companies. It was determined that as intermediaries are also involved in administrating the new dividends tax it was of value to get their feedback in the form of a questionnaire as well. In the research it is concluded that the majority of companies and intermediaries are aware of the implications that will arise when the new dividend tax is introduced and they were reasonably confident that they are equipped to manage the risks and costs. The evaluation of the responses of the companies did indicate one area of concern where the results show that that companies have not considered that they will be responsible for providing refunds to shareholders from whom dividends tax has been incorrectly withheld. Intermediaries indicated that their area of concern was that they have not considered that they will need to notify shareholders in writing the extent to which a dividend payment consists of STC credits. Further the evaluation of the responses indicated that intermediaries will find it most difficult in identifying the status of shareholders. On conclusion of the study, it was determined that further research can be aimed at anti avoidance to ensure that additional administrative burdens identified can be incorporated. A detailed understanding of the impact on small businesses versus corporate giants could also be considered for adding more value to the study. SARS is set to come out with further guidance on documentation needed and instructions and this will provide the opportunity to do a more research. Copyright Taxation MCom (Taxation) restricted 2013-09-09T12:03:35Z 2010-09-02 2013-09-09T12:03:35Z 2010-05-28 2010-09-02 2010-08-03 Dissertation McCreadie, L 2010, Withholding tax dividends : a pilot study of the consideration of the administrative burden, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-08032010-134231/ > F10/512/gm http://hdl.handle.net/2263/31108 http://upetd.up.ac.za/thesis/available/etd-08032010-134231/ en © 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Dividends tax Withholding tax dividends : a pilot study of the consideration of the administrative burden |
| title | Withholding tax dividends : a pilot study of the consideration of the administrative burden |
| title_full | Withholding tax dividends : a pilot study of the consideration of the administrative burden |
| title_fullStr | Withholding tax dividends : a pilot study of the consideration of the administrative burden |
| title_full_unstemmed | Withholding tax dividends : a pilot study of the consideration of the administrative burden |
| title_short | Withholding tax dividends : a pilot study of the consideration of the administrative burden |
| title_sort | withholding tax dividends a pilot study of the consideration of the administrative burden |
| topic | UCTD Dividends tax |
| url | http://hdl.handle.net/2263/31108 http://upetd.up.ac.za/thesis/available/etd-08032010-134231/ |