Cross-Border Transactions: Withholding Tax on Outbound Transactions
When doing business cross-border, planning for and correctly implementing controls and processes on the various withholding taxes which may impact your business is important, in terms of managing risk and identifying opportunity.
The webinar focuses on the following payments made to non-residents:
- Royalties
- Interest
- Dividends
For each of the above streams we will work through a practical example which will allow participants to apply the tax principles to the relevant payments.
After completing this webinar you will:
- be able to explain the purpose of withholding taxes;
- understand when withholding taxes are imposed under the South African tax legislation in respect of royalties, interest and dividend payments;
- know the withholding tax rate to apply (iro the above payments), when the tax should be withheld and the required forms to be completed;
- understand how the application of a double tax agreement can reduce the withholding tax rate; and
- demonstrate the ability to apply the theory discussed to fact patterns (for each type of payment).
Please note that the webinar will not cover Transfer Pricing and Exchange Control
CPD/CPE: 2 hours