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.
Related Posts
The National Treasury of South Africa has invited interested parties to participate in the urban development zone (UDZ) tax incentive online survey on 6 November 2024. The consultation is set to conclude on 29 November 2024. The objective of
Read More
South Africa's National Treasury extended an invitation until 25 November 2024 to submit technical tax proposals, which may be considered for inclusion in Annexure C of the 2025 Budget Review. The Minister of Finance announces new tax proposals
Read More The South African National Treasury published its 2024 Medium Term Budget Policy Statement (MTBPS) On 30 October 2024, which includes key legislative proposals such as the Global Minimum Tax Bill and the Global Minimum Tax Administration Bill. These
Read More The 2024 Taxation Laws Amendment Bill, introduced in South Africa's Parliament, on 30 October 2024, by allowing them to carry forward foreign exchange losses. This change addresses an existing imbalance in the taxation of foreign exchange gains and
Read More South African President, Cyril Ramaphosa, announced that he is considering the introduction of tax rebates or subsidies to encourage local manufacture of electric and hybrid vehicles on Thursday, 17 October 2024. "Consideration must be given to
Read More The South African Revenue Service (SARS) has lowered the interest rate Table 3 for interest-free or low-interest loans from 9.25% to 9.00%, effective from 1 October 2024, following the Reserve Bank’s Monetary Policy Committee’s decision to
Read More
