Income Tax Act, 1962 (Act No. 58 of 1962)

Chapter II : The Taxes

Part VIII : Dividends Tax

64EA Liability for tax
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Any—

[Words preceding section 64EA(a) substituted by section 44 of the Taxation Amendment Act, 2019 (Act No. 34 of 2019), GG 42951, dated 15 January 2020]

(a)beneficial owner of a dividend, to extent that the dividend does not consist of a distribution of an asset in specie; or
(b)company that is a resident that declares and pays a dividend to the extent that the dividend consists of a distribution of an asset in specie, is liable for the dividends tax in respect of that dividend.