Global Trade Alert
Global Trade Alert

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

Announcement

01 Mar 2015

In March 2015, the government of South Africa announced a change to the rules for resident foreign nationals.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Mar 2015

Revocation date:

No revocation date

Updated: 01 Mar 2015
Post-migration treatment In force

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 ra...

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