Foreign vs Local div comparison
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For the 2017/18 tax year, edit the yellow cells ONLY!!!
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Foreign DividendsLocal Dividends
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Non dividend income R120,000R120,000Non dividend incomeR120,000
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Gross dividendR144,000R144,000Gross dividendR144,000
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Dividend withholding tax %15%20%Foreign witholding tax15%
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Net dividendR122,400R115,200
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Exclusion ratio (25/45)0.56N/A
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Exempt dividendsR80,000N/A
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Taxable dividendsR64,000N/A
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Total taxable incomeR184,000R120,000
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Normal tax payable before rebatesR33,120R21,600
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Less primary rebate (R13635)R13,635R13,635
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EqualsR19,485R7,965
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Less foreign tax creditsR21,600N/A
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SARS tax for the year-R2,115R7,965
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Zero the tax if it's negativeR0R7,965
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Net income after all taxesR242,400R227,235
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Total taxR21,600R36,765
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Effective dividend tax %9.47%20%
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Tax saved with foreign dividendsR15,165
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This information is not advice as defined and contemplated in the
Financial Advisory and Intermediary Services Act, 37 of 2002, as
amended. Please only use this information as a guide, it is an
indicative calcualtion only. Do not base any decisions on it without
getting proper advice from someone with a license to advise!
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