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Tax authorities

South African Revenue Service
Head Office, 299 Bronkhorst Street, Nieuw Muckleneuk, Pretoria (Physical address)
Private Bag X923 or PO Box 402, Pretoria 0001 (Postal address)
Tel: +27 12 422 4000
Fax: +27 12 422 4465
Website: www.sars.gov.za

Tax rates at a glance

(As of September 2009) 

Corporate income tax rate (%) 28(a)
Capital gains tax rate (%) 14(b)
Distributed dividends tax (%) 10(c)
Branch tax rate (%) 33(a)

Withholding tax (%)
Dividends 0
Interest 0
Royalties from patents, know-how, etc. 12(d)
Branch remittance tax

Net operating losses (Years)
Carryback 0
Carryforward Unlimited

(a) The mining income of gold mining companies is taxed under a special formula. For gold mining companies that elect exemption from secondary tax on companies (STC; see footnote [c] below), nonmining income is taxed at a rate of 35%. For gold mining companies that do not elect exemption from STC, nonmining income is taxed at a rate of 28% and any dividends declared by the company are subject to STC at a rate of 10%. Special rules apply to life insurance companies, petroleum and gas producers and small business corporations.
(b) This is the effective rate.
(c) This is the secondary tax on companies (STC), which is levied on dividends declared net of dividends received. The STC is imposed on the distributing company. It is not a withholding tax. The STC does not apply to branches subject to the 33% company tax rate or nonresident companies, or to the mining income of oil and gas producers. Gold mining companies may elect exemption from STC.
(d) This withholding tax applies to nonresidents.

Source: Ernst & Young

South Africa

Bernard du Plessis and Peter Dachs
Edward Nathan Sonnenbergs
South Africa

Shareholders dividend tax will replaced secondary tax on companies as soon as legislation is enacted. Bernard du Plessis and Peter Dachs of Edward Nathan Sonnenbergs explain what the change will mean for taxpayers

[Show full article]

Tax

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Paul de Chalain heads the tax practice at PricewaterhouseCoopers. The firm's practice areas include corporate tax, international tax, M&A, transfer pricing, tax risk management and indirect taxes. David Lermer heads the international tax practice and ... [more]

Cliffe Dekker Hofmeyr's tax practice has grown substantially over the last 12 months. Renowned cross-border transaction expert Emil Brincker joined the firm from Edward Nathan Sonnenbergs along with Natalie Napier. Justin Liebenberg joined the firm as ... [more]

Ernst & Young's tax team is led by Martin Walbeck and consists of 18 partners and 12 associates. The firm's practice areas include international tax, transfer pricing, indirect tax and M&A. Charl Niemand heads the firm's indirect tax practice while Wendy ... [more]

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Werksmans's tax team consists of four tax partners and six associates and is led by Ernest Mazansky who is highly regarded by his peers. The team's focus is on tax aspects of M&A, private equity, advice on BEE transactions and corporate reorganisations. ... [more]

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Glyn Marais's tax practice consists of three partners: Richard Glyn, Francois Marais and Haroon Laher. Glyn specialises in income tax and structured finance. Marais specialises in M&A and private equity transactions. Haroon specialises in litigation. ... [more]

Bell Dewar's tax practice is led by Blaize Vance who specialises in M&A, restructuring, international tax and mining tax. The tax team consists of four partners. Partner Conor McFadden specialises in company tax, group restructurings, M&A, international ... [more]

Maitland's tax practice is led by Doelie Lessing who provides advice on international tax structuring. Paul Ferreira recently retired. The firm's services include the structuring, implementation and administration of local, foreign and multi-jurisdictional ... [more]

See also

South Africa
Africa

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