Picture: ISTOCK
Picture: ISTOCK

It appears Echo Polska’s dividend on September 26 was subjected twice to SA’s dividend withholding tax. Here’s what the JSE had to say, on the date of payment: "We will not be processing any reversals for the local tax processed on the EPP [Echo Polska Properties] dividend. We are awaiting feedback from the sponsor to provide clarity on the correct tax treatment."

Well, I respectfully suggest that the correct tax treatment is to deduct the tax only once. Two weeks later there was no apparent progress.

I would be interested to know who gets the use of this little stash of other people’s money while the JSE sits on its hands.

John Richards

Noordhoek

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