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please HELP URGENTLY. WILL GIVE THUMBS UP FOR CORRECT ONLY Assume dividends tax at a rate of 20% A company has had two issues of
please HELP URGENTLY. WILL GIVE THUMBS UP FOR CORRECT ONLY
Assume dividends tax at a rate of 20% A company has had two issues of Class B shares, which have no voting rights, but they do have a right to a fixed annual dividend of 10% of the face value of R2. In years when a tranche of Class B shares is issued, dividends on that tranche will be apportioned based on the number of between the date of issue and the date of declaration. The first issue was on 1 June 2011, when 4 million shares were issued for face value. The second issue was on 1 October 2021 , when 6 million shares were issued for a price of R2.50 per share. On 30 June 2022, the company declared a Class B dividend. This was the first dividend declaration by the company since 30 June 2019. The dividend payment date was 20 July 2022. 38% of Class B shareholders (on both tranches issued) are SA-resident companies. The full value of the Class B dividend declared on 30 June 2022 was R The amount of this dividend withheld by the company and paid to SARS is R Step by Step Solution
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