Are you paying too much tax on your SA dividends?

Understanding South African Dividend Withholding Tax (DWT) and the UK-South Africa Double Taxation Agreement (DTA) can help you save on taxes. South African companies typically withhold 20% DWT on dividends, but as a UK tax resident, you’re entitled to a reduced rate of 10% under the DTA.

To benefit from this reduced rate, you need to notify the South African companies you hold shares in to apply the 10% rate. If you’ve had DWT withheld above this rate, you can apply for a refund with proof of your UK residency. A Certificate of Residence from HMRC is the best document to support your claim.

Need help navigating these tax rules and ensuring you’re not overpaying? Contact us to streamline your compliance and secure your tax savings.

How We Can Help:

·         Guide you through notifying South African companies

·         Assist with obtaining a Certificate of Residence

·         Help you apply for refunds of excess DWT

Get in touch with us to maximize your tax benefits and simplify the process. Don't let complex tax rules cost you money—reach out today!