BAT announces a dividend re-investment plan giving shareholders the choice of electing cash income at a rate of 50.75p per share, or securities at a re-investment price of 28.329107 per share. Ignoring transaction costs, the number of shares based on your gross income entitlement is closest to?

145

180

215

Cannot be determined from the information given BAT announces a dividend re-investment plan giving shareholders the choice of electing cash income at a rate of 50.75p per share, or securities at a re-investment price of 28.329107 per share. The position holders domestic income tax rate, net of foreign withholding tax, is? (Assume the investor is South African)

0%

5%

10%

20%

BAT announces a dividend re-investment plan giving shareholders the choice of electing cash income at a rate of 50.75p per share, or securities at a re-investment price of 28.329107 per share. Ignoring transaction costs, the number of shares based on your net income entitlement is closest to?

145

180

215

Cannot be determined from the information given

BAT announces a dividend re-investment plan giving shareholders the choice of electing cash income at a rate of 50.75p per share, or securities at a re-investment price of 28.329107 per share. If you own 10 000 BAT shares, the withholding tax is:

761.25

1 015.00

1 268.75

1 522.50

What is a double tax agreement?

An agreement between two businesses over which will report certain expenditure in their respective income tax returns.

An agreement between the trustees of a trust over which trustee will pay the income tax of the trust.

An agreement between two countries that is designed to ensure taxpayers do not have to pay income tax on the same income in both countries.

The legislation that provides for both income tax and goods and services tax in South Africa