South Africa drafts legislation for proposed withholding tax on service fees
South Africa published draft legislation on July 4 that includes provisions relating to the proposed withholding tax on service fees.
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The international tax services network provides access to recent tax news and advice on holding company structure, cross border financing and treasury solutions, controlled foreign company planning, profit repatriation, loss utilization, inbound and outbound structuring, managing intellectual property, tax efficient supply chain and shared services. This publication provides updates that affect companies operating in Africa.