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SOUTH AFRICA: Budget 2017 – Exchange Control Relaxations for Intellectual Property Transactions
Before the speech of the 2017 South African Budget, South African residents were prevented from selling, transferring or even assigning an IP to a non-resident without prior approval being obtained from the SA Treasure Bank, and obtaining such approval to export IP was not an easy task. South Africa first…
South Africa and United Arab Emirates sign new Income Tax Treaty
On the 23rd November 2015, a new Income Tax Treaty was signed between South Africa and the United Arab Emirates (UAE). The treaty generally follows the OECD Model (2008). The maximum rates of withholding tax are: 10% on dividends and 5% if the beneficial owner is a company the capital…