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News & Press: Individuals Tax

New SARS webpage dealing with the withholding tax on interest

Wednesday, 25 February 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

The withholding tax on interest is a tax charged on interest paid (on or after 1 March 2015) by any person to or for the benefit of a foreigner from a source within South Africa.

SARS has introduced a new page on its website, to provide more information regarding this tax.

Please click here to access the SARS webpage.

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Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

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