Peter Dachs, ENS Taxand The Taxation Laws Amendment Bill 2012 is expected to be promulgated this year. Various changes are proposed to, among others, section 8E of the Income Tax Act, which deems tax-exempt dividends on certain shares and, in particular, preference shares to be taxable income in the hands of the shareholder. To avoid the re-characterisation of dividends as income in the hands of the shareholder it is important:
December 01 2012
