Global Trade Alert
Global Trade Alert

South Africa: Tax reform with implications for foreigners

Announcement

01 Apr 2012

In April 2012, the government of South Africa announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

01 Apr 2012

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

From 1 April 2012, a dividends tax (DT) replaced the Secondary Tax on Companies (STC). The DT rate is 15% on receipt of dividends, whereas STC was imposed on companies (at a rate of 10%) on the declar...

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