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South Africa: Introduction of withholding tax on interest for the benefit of foreign persons

Description

With effect from 1 March 2015, the South African government introduced a withholding tax on interest payments to foreign creditors. The withholding tax on interest (WTI) will be levied at a rate of 15...

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Intervention Details

Intervention Type

Post-migration treatment

MAST Chapter

Migration measures

Implementation date

01 Mar 2015

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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