WITHHOLDING TAXES IN RESPECT OF CROSS BORDER TRANSACTIONS – NEW PROPOSALS AND IMPLEMENTATION DATE

Wednesday, June 05, 2013
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In the Budget Speech of February 2013, the Minister of Finance announced that the implementation date for withholding taxes would be postponed and that a new withholding tax in respect of cross border service fees would be introduced, all in order to prevent what is referred to as “base erosion”:

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