Frequently Asked Questions Brochure
Click here to access the Dividend Tax: Exemption from Tax form
Click here to access the Dividend Tax: Reduced Rates form
In Dividends Tax, the income tax on local dividends, was implemented on 1 April 2012. STANLIB will now withhold 15% of investors’ dividend payments and pay it to SARS on their behalf. (The rate was originally set at 10%, but in the budget speech on 22 February 2012, the Finance Minister announced that the rate will be 15%.)
We remind you that certain entities may be exempt from Dividends Tax or may be entitled to pay a reduced rate. However, if we are not in possession of the signed declaration, we are obliged to deduct the maximum rate of 15% on all local dividends paid. Investors may claim a refund from STANLIB within three years from the date that tax was withheld providing that they provide us with a signed declaration form. It is the investor’s obligation to notify STANLIB should their tax status change.
Please consult your financial adviser to fully understand the implications of this tax on your investment. Alternatively contact our contact centre on 0860 123 003.