Tax Budget 2012: REIT dividend income at only 10% tax until 2016

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Dividend income derived from your investment in REITs will continue to be taxed at 10% final withholding tax from 2012 until 2016.

For you other investments, you are “deemed” to be taxed at 25%, being the corporate tax rate, as tax paid by the company you invested in will be final tax and no tax credit will be able to frank up to you when you receiving the dividend (under single tier dividend imputation system).