Details of the new income tax treaty and protocol between Switzerland and South Africa, signed on 8 May 2007, have become available. The treaty replaces the tax treaty signed on 3 July 1967. The treaty was concluded in the French and English languages, each text having equal authenticity. The treaty generally follows the OECD Model Convention; however, some provisions are based on the UN Model Convention.
The maximum rates of withholding tax are:
- 15% on dividends in gene…