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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: marcos who wrote (8892)2/24/2000 1:22:00 PM
From: sea_urchin  Read Replies (1) of 81142
 
Marcos : Thank you very much for your trouble and the info.

What is happening is that SAf is changing the basis of taxation of its citizens from source to residency which, in fact, is similar to Canada.

For a start, all dividends from non-SAf sources, which accrue to SAf residents, will be taxed at marginal personal rates (max = 42%). Dividends from SAf sources remain untaxed. I have an investment in a Canadian packaging company which is also listed on the JSE.

I am trying to assess the implications of the new SAf legislation particularly in respect of double-taxation. I hope a tax credit will be given by the revenue authorities here in respect of taxation already levied in Canada so, at least, I should know what the Canadian tax is.

Also new will be a capital gains tax, at 10%, starting next April.
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