South Africa has increased the withholding tax rates on interest and royalty payments in 2015. The rate for interest is increased from 0% to 15%, effective 1 March 2015. The rate for royalties is increased from 12% to 15%, effective 1 January 2015.
Payments to residents in jurisdictions with which South Africa has entered into an income tax treaty may be eligible for lower rates or exemption subject to certain conditions.