The Taipei National Tax Administration (TNTA) issued a statement on 6 July 2012 to explain the procedure to apply for a lower withholding tax rate under the South Africa - Taiwan Income Tax Agreement (1994). The details of the statement are summarized as follows. A Taiwanese profit-seeking enterprise that receives dividends from a resident enterprise of South Africa can apply for a lower withholding tax rate of 5% under a tax agreement with South Africa, if the Taiwanese profit-seeking enterprise directly holds at least 10% of the capital of the dividend-paying company and is the beneficial owner of the dividends. With...