Dividend Tax Rate 2024 South Africa. Dividends received by individuals from south african companies are generally exempt from income tax, but dividends tax at a rate of 20% is withheld by the entities paying the dividends. However, lets first take a step back and clarify what dividends tax is, and.

The actual tax you pay depends on your own marginal income tax rate and the type and amount of investment income and capital gains you earn from your investments. Some beneficial owners of dividends are entitled to an exemption (local and/or foreign persons) or a reduced rate (foreign persons) under the dividends tax system, whereas dividends received.