FAQ – What happens if the company does not notify the beneficial owner of the STC credit portion of the dividend?

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If the company does not notify the beneficial owner of the STC credit part of the dividend –

  • the Dividends Tax liability of the beneficial owner may not be reduced by the STC credit portion, and
  • the beneficial owner (if it is a company) will not be able to use the incoming STC credit when it declares and pays a dividend.