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



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.


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.