Question: 2 . 4 Evna ( aged 3 6 ) , a resident of the Republic, holds 8 % of the total equity shares and voting

2.4 Evna (aged 36), a resident of the Republic, holds 8% of the total equity shares and voting rights in ABC Inc, a foreign company. On acquiring the shares, an expenditure of R4500 was incurred in the form of a loan. She received a dividend of R75000 form ABC Inc and this is subject to a withholding tax of 10%. In addition, Evna earned the following amounts: Interest of R6500 from a foreign investment Interest of R28500 from a local investment Calculate Evnas taxable income for the 2025 year of assessment.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!