• Hong Kong - South Africa
    Tax Treaty Enters Into Force

    04-11-2015

    The Income Tax Treaty between Hong Kong and South Africa entered into force on 3 November 2015.

    The provisions of the Treaty will become effective on 1 April 2016 in Hong Kong and on 1 January 2016 in South Africa.

    The Treaty was signed in October 2014.

    In accordance with the treaty, the following withholding taxes will apply:

    • Dividends:
      • 5% if the beneficial owner is a company which holds directly at least 10% of the capital of the company paying the dividends.
      • 10% in all other cases.

    • Interest: 10%.

    • Royalties: 5%.
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