South Africa: Minister of Finance announces increase of dividend withholding tax

24.02.2017

Effective

22 February 2017

the withholding tax on South African equities has increased from 15% to 20%.

This follows the adoption of the budget law for 2017 by the South African Finance Minister.

Further information

The Market Taxation Guide – South Africa will be updated in due course.

Customers may contact the Clearstream Banking1 Tax Help Desk, Clearstream Banking Client Services or their Relationship Officer.

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.