TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Protocol to the UK/South Africa Double Taxation Convention

A Protocol amending the United Kingdom's Double Taxation Convention with South Africa was signed on 8 November 2010.

South Africa is changing its system of taxing dividends paid to non-residents by abolishing its Secondary tax on Companies and introducing a withholding tax. The Protocol amends the provisions of the Convention dealing with the taxation of dividends to set limits to the withholding tax. It also updates the provisions dealing with the exchange of information between the United Kingdom and South Africa and introduces a new provision regarding assistance in the collection of taxes.

The Protocol will be published by the Stationery Office as soon as it is presented to Parliament for approval.

The Protocol will enter into force once both countries have completed their legislative procedures and will take effect in both countries in respect of dividends from the date that South Africa changes its system of taxation at the shareholder level and for the other provisions from the date that it enters into force.