South Africa: Interest withholding tax postponed

The implementation of the 15% withholding tax on interest from South African debt securities has been postponed until 1 January 2015.

This is further to our Taxflash T13019, dated 1 March 2013, in which the tax was foreseen to be effective on 1 March 2014.

The revised effective date is expected to be published in the Gazette three months before the actual effective date of 1 January 2015.

We will provide further information or official confirmation as soon as it becomes available.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.