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Withholding Tax on
Dividends |
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From 1st April 2012, the Secondary Tax on Companies (STC) of 10%, which was
the tax paid by companies before declaring dividends, will be replaced by
Dividends Tax. Whereas investors, up until 1st April 2012, used to receive
dividends on a tax free form, such dividends will now incur a tax rate of
15%. This tax will apply to all dividends declared by equity based ETFs
listed on the JSE. However, ETFs that track bond indices or pay interest
income, such as Proptrax ETF, will be taxed on the income received as
interest.
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Investing through etfSA |
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The Easiest & Most Cost Effective Way to Invest
in All the ETFs/ETNs in South Africa.
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- Everything you need to know about each ETF/ETN
- Absa (NewFunds), BIPS (RMB), DBX Trackers, Investec,
Nedbank, Proptrax, Satrix, Standard Commodity Linkers
- Transact online all ETFs/ETNs
- Low costs
- Easy Access & Switching
From R300 per month
- From R1000 for lump sums
Click here to invest.
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ETF and ETN Products |
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To view the product profile
information and price graphs, please select the ETF/ETN product you
require.
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