SARS (somewhat) lifts prohibition on distributions from resident trusts to offshore trusts
SARS will now consider applications from South African-resident trusts for approval to distribute funds to non-resident trusts The South African Revenue Service (SARS) practice, until recently, has been to not approve any applications for the release of funds by resident trusts vesting and distribut…
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…
South African Commercial Law Blog 