Thu, Jul 18, 2024

The official Financial Regulation Journal of SAIFM

Dividend-stripping and share buy-back transaction

Pieter van der Zwan

The National Treasury introduced anti-avoidance rules that target dividend-stripping and share buy-back transactions with effect from 19 July 2017. These rules result in certain dividends being taxed as proceeds upon the disposal of shares. Share buy-backs from and extraction of value by significant corporate shareholders will require careful attention going forward.

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