JSE LIMITED - Increase in Dividend withholding tax
JSER 201702240004A
Increase in Dividend withholding tax
GEN General – JSE Limited Issuer Regulation
INCREASE IN DIVIDEND WITHHOLDING TAX
During the delivery of the Budget speech on 22 February 2017 it was announced that there will an
increase in the dividend withholding tax from 15% to 20%. The JSE has consulted with the South
African Revenue Service and National Treasury and we have been advised that the effective date of
the new rate is in respect of all dividends paid on or after 22 February 2017.
The JSE wishes to advise the following in respect of dividend announcements issued pursuant to
Schedule 18 of the JSE Listings Requirements:
• Finalisation announcements for any dividends payable on or after 22 February 2017 must
include the new revised dividend withholding tax rate; and
• If a finalisation announcement has already been published with a payment date on or after
22 February 2017 a revised finalisation announcement must be published (with the new dividend
withholding tax rate) before close of business on Friday, 24 February 2017.
Please contact Chris Grove on 011 520 7350 or on chrisg@jse.co.za should you have any questions.
24 February 2017
Date: 24/02/2017 07:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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