The Double Taxation Relief and International Tax Enforcement (South Africa) Order, SI 2011/2441, brings into effect arrangements set out in a protocol amending the existing double taxation convention between the UK and South Africa.
The protocol updates the exchange of information article to bring it into line with the new international standard for exchange of information set out in Article 26 of the OECD Model Tax Convention on Income and on Capital, and widens its scope to cover all taxes. It also provides definitions of ‘property investment company’ and ‘qualifying dividend’, updates the dividends article for changes in South Africa law and inserts an article providing for assistance in tax collection.
The Double Taxation Relief and International Tax Enforcement (South Africa) Order, SI 2011/2441, brings into effect arrangements set out in a protocol amending the existing double taxation convention between the UK and South Africa.
The protocol updates the exchange of information article to bring it into line with the new international standard for exchange of information set out in Article 26 of the OECD Model Tax Convention on Income and on Capital, and widens its scope to cover all taxes. It also provides definitions of ‘property investment company’ and ‘qualifying dividend’, updates the dividends article for changes in South Africa law and inserts an article providing for assistance in tax collection.
