Dividend cession and dividend distribution: The South African VAT implications

An intuitive approach when considering the VAT implications of a dividend cession, which relates to a share, could be to classify it as a financial service and thus S2 UNFLAVORED exempt from VAT.The fact that debt factoring, another cession transaction, has been noted as an Fleece Tops exempt supply could support the intuitive approach in favour of a financial service.Pursuant to different interpretations and in an attempt to triangulate evidence, the meaning of.