Dividends being paid as an annuity will be exempt and subject to Dividend witholding tax.Question 4Select one:TrueFalse

Dividend income received from mutual in the hands of unit holders. A. Fully Taxable B. Fully Exempt C. Partly Taxable D. Partly Exempt

Which of the following is a tax exempt income? Question 9Answer a. Dividends b. Rent c. Interest d. Gratuities

When a taxpayer holds a purchased annuity (S10A) and the annuity is paid out to the taxpayer then the capital portion of the annuity will be included in the taxpayers Gross income but will then be exempt as it is not taxable.Question 19Select one:TrueFalse

Which of the following would be exempt from South African Dividends Withholding Tax (DWT)?

Which of the following statements is  NOT correct?A.One cannot tax both  the company and the shareholder for the same profit.B.Companies had paid 30% tax before distributing their dividends.C.The tax already paid by the company will offset the shareholder taxes that are due.D.The shareholder needs to include the dividend after tax into his or her taxable income.