National Treasury’s pursuit to eliminate the Dividend Withholding Tax benefit under South African Double Tax Agreements

Dividend Withholding Tax (DWT) is levied on distributions that constitute a "dividend", as defined in the Income Tax Act (ITA). This means that a 20% withholding obligation exists unless an exemption applies or, in the case of dividends distributed to non-South African resident shareholders, such di…

https://www.polity.org.za/article/national-treasurys-pursuit-to-eliminate-the-dividend-withholding-tax-benefit-under-south-african-double-tax-agreements-2022-09-23