Mar 9, 2012, 12:34 PM
Last month, I dedicated this one-pager to the looming dividend tax. What actually hit us at budget time last month was a tax rate 50% higher than what had originally been expected, 15% instead of the expected 10%. Why then is it that the new dividend withholding tax, introduced at 15% in replacement of STC at 10%, is budgeted, by Treasury, to lose R1,9 billion in revenue?