Domestic income tax rate

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You own 10 000 BAT shares. BAT announces a dividend re-investment plan giving shareholders the choice of electing • cash income at a rate of 50.75p per share, or • securities at a re-investment price of £28.329107 per share. The position holder's domestic income tax rate, net of foreign withholding tax, is? (Assume the investor is South African)

Reference no: EM133061854

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