
Dividends Tax
What is dividends tax? Dividends Tax is a tax charged at 15% on shareholders when dividends are paid to them. Under normal circumstances, it is withheld from their dividend payment by a withholding agent. A dividend is explained in section 1 of the Act. In short it means that any payment by a company for the benefit of a shareholder in the respect that a share is owned in that company. Dividends Tax is applicable on the payment of a dividend if the company is…