The double tax agreement between South Africa and Cameroon entered into force on 13 July 2017, according to a SARS notification published on 1 September 2017. The treaty was signed on 15 February 2015.
Under the agreement the withholding tax rate on dividends is 10 percent if the beneficial owner is a company holding at least 25 percent of the paying company capital; 15 percent otherwise. The withholding tax rate of interest and royalties is 10 percent.
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