VLC Ltd is a listed company. It paid cash dividends of R$3000000$ to its ordinary shareholders on $30$

October $2019.$ The ordinary shareholders of VLC Ltd are l VLC Holdings Ltd$,$ a resident company that

owns $55\%$ of the ordinary shares of VLC Ltd l a portfolio of the Nero Managed Fund, a collective

investment scheme in securities$,$ that owns $20\%$ of the ordinary shares of VLC Ltd l various smaller

investors who invested in VLC Ltd who hold the remaining shares in a dematerialised form through a

number of CSD Participants $($the share trading platforms provided by their banks$).$

YOU ARE REQUIRED TO indicate the party responsible to withhold dividends tax in respect of the

dividends paid by VLC Ltd$.$