Page 30 - Nexia Cape Town 2018 TG Digital

The inclusion rates are as follows:

PERSON 2018 2019
Natural person and special trust 40% 40%
Company 80% 80%
Trust 80% 80%

Withholding tax – prepayment CGT
The purchaser must withhold CGT on the purchase price where assets are
purchased from a non-resident except where the amount payable by the
purchaser is less than R2 million� This withholding tax is not a final tax and is
merely a prepayment of the expected CGT� The following withholding tax rates are
applicable and are based on the proceeds on disposal:

NON-RESIDENT SELLER 2018 2019
Natural person 7�5% 7�5%
Company 10% 10%
Trust 15% 15%

WITHHOLDING TAX (OTHER) – FINAL

Royalties
A withholding tax of 15% is payable when royalties from a South African source
are paid to non-residents, subject to certain exemptions�
Interest
A withholding tax of 15% is payable when interest from a South African source
are paid to non-residents, subject to certain exemptions�
Foreign Entertainers and sportpersons
A withholding tax of 15% on payments to foreign entertainers and sportpersons
for activities in South Africa�
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