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 R350,000R350,000Non dividend incomeR350,000
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Gross dividendR350,000R350,000Gross dividendR350,000
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Dividend withholding tax %15%20%Foreign witholding tax15%
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Net dividendR297,500R280,000
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Exclusion ratio (25/45)0.56N/A
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Exempt dividendsR194,444N/A
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Taxable dividendsR155,556N/A
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Total taxable incomeR505,556R350,000
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Normal tax payable before rebatesR131,459R78,482
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Less primary rebate (R13635)R13,635R13,635
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EqualsR117,824R64,847
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Less foreign tax creditsR52,500N/A
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SARS tax for the yearR65,324R64,847
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Zero the tax if it's negativeR65,324R64,847
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Net income after all taxesR582,176R565,153
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Total taxR117,824R134,847
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Effective dividend tax %15.14%20%
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Tax saved with foreign dividendsR17,023
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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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