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Draft IN – Extraordinary dividends treated as income or proceeds on disposal of certain shares

Overview

The submission contains SAICA’s comments on the the on the Draft Interpretation Note (IN) that provides guidance on the interpretation and application of section 22B and paragraph 43A relating to the income tax treatment of extraordinary dividends on certain disposals and deemed disposals of shares by a company to prevent so-called “dividend stripping”.
AuthorSharon Smulders and David Warneke
DivisionTax
Keywords
Section 22B
paragraph 43A
extraordinary dividend
qualifying interest
Categories
Tax
Date14 January 2022
File