South Africa V.A.T. RiseApril 2018
Following the announcement of the South African finance minister in February 2018 starting April 1, 2018 the new standard V.A.T. rate is increased from previous 14% rate to a new 15% rate.
South Africa Cyprus Tax TreatyMay 2015
South Africa and Cyprus signed on April 1, 2015 a new protocol amending the existing 1997 double tax treaty, DTA, between the two countries.
The new tax treaty includes updates regarding exchange of tax information between the countries. The tax withholding rates for dividends will be 5% for holding of 10% or more in the paying company, otherwise the rate will be 10%.
South Africa Jersey New TIEAJuly 2011
South Africa and Jersey signed on July 12 a new TIEA, Tax Information Exchange Agreement between the two countries.
The TIEA which was signed in London will come into force after completion of domestic procedures in both countries.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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