However, there is no withholding tax on the remittance of branch profits, whereas dividends are subject to a 15% withholding tax. Generally, South Africa taxes on a territorial, as opposed to a worldwide basis. Thus, by and large, onl...
The ITA generally imposes a 20% tax, known as dividends tax, on the gross value of dividend distributions. The primary blanket exemption from dividends tax is for dividends distributed to a beneficial shareholder that is a South African tax resident company. Dividends tax, thus, applies to no...
Withholding tax on dividends, interest, rent, technical fees and government contracts was treated as a final tax. Therefore, the change implies that withholding tax payments to both residents and nonresidents, irrespective of the source, will now be deemed to be an advance tax and taxpayers will...
tax context especially with the introduction of withholding tax on dividends and the pending implementation of withholding tax on interest.A review and analysis of interpretation principles from the Vienna Convention, the OECD, selected countries and experts revealed that there are common interpretation ...
In this article, the author examines the South African tax rules relating to hybrid debt and hybrid equity instruments, particularly with a view either to disallowing deductions or taxing receipts. Some observations are also made on the related interest limitation rules, which prevent excessive intere...
Through a TFSA, the growth and income received on the investment is tax free, which means you are not liable for any capital gains tax or income tax on the dividends and interest received on your investment. How much can I invest in a TFSA? There are limits to how much you can ...
Taxation on South African gold mines has been unexpectedly lowered as a result of the country's 2012 budget, delivered in Parliament on February 22. The reason is the scrapping of the secondary tax on companies (STC) which imposed a 10% tax on net dividends paid. Instead, dividends will ...