The South African Revenue Service has published new interpretation notes for withholding tax on interest and on royalties. The interpretation notes are both dated 23 April 2021 and are the final versions of the notes consulted on in the Spring of 2020. Interpretation Note 115 on Withholding Tax on Interest provides guidance on the interpretation and application of sections 50A to 50H of the Income Tax Act of 1962 relating to withholding tax on interest, as well as relevant provisions of the Companies Act, the Financial Markets Act, and the Tax Administration Act, and the application of tax treaties. Interpretation...