The South African Revenue Service has issued an updated Interpretation Note 93 (Issue 3) regarding the taxation of foreign dividends, which is dated 17 May 2021. The Note provides guidance on the interpretation and application of various provisions of the Act relating to foreign dividends. The Note does not, however, deal with the income tax consequences of a dividend paid by a headquarter company, since this topic is addressed in Interpretation Note 87 (Issue 3), regarding headquarter comp…