South Africa - Apply for Withholding Tax on Interest

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Procedure

Apply Online:

1. To Apply for Withholding Tax on Interest, the applicant must go to the South African Revenue Services’ (SARS) e-Filing website. Online Link
2. On the given link, the applicant must register themselves by entering the necessary details asked on the webpage.
3. After registering, the applicant must “Log in” with the newly created “Username and Password”
4. If already registered in SARS, the applicant can directly “Login” using the Login credentials. Login Link
5. Before applying for the Withholding tax, the applicant should have the “Tax Reference Number”.
6. After logging in, the applicant should check the activation status of the “Income Tax” under the “Tax Types” option. If it appears as “Successfully Activated”, then only the applicant can move further in the application.
7. Then, if the applicant is a Tax Practitioner or Tax Representative, then they must select the option in the given sequence one after the other, “Organisations”, “SARS Registered Details”, “Register Withholding Tax on Internet”.
8. If the applicant is an Individual, then they must select the option in the given sequence one after the other “Home”, “SARS Registered Details”, “Register Withholding Tax on Internet”.
9. Then the applicant must select “I agree” and “Continue” option to move further.
10. Then the ‘Taxpayer Details’ will be pre-populated as per the taxpayer’s eFiling profile.
11. Then the applicant must select the “calendar icon” and the date from which they are liable for WTI. (This date cannot be before 1 March 2015).
12. After entering the details, the applicant musts select the 'Register' option.
13. On the upcoming pop-up pages, the applicant must enter all the necessary details.
14. After successful completion of entering the details, the applicant must select the “Make Payment” option under the “Withholding Tax on Interest work page”.
15. The tax amount that needs to be paid will display on the screen, and the applicant must select the “Pay Now” option.
16. The bank details of the applicant need to be entered on the pop-up page.
17. The applicant should select “Confirm” option finally, and should “logon” into the “bank account” to authorize the payment.
18. The payment will be finalised, and “Payment Successful” option will be shown on the “History” option under the “Payments” menu.
19. There is no fee for filing the Withholding Tax on Interest.
20. The Withholding Tax on Interest can be paid immediately on the e-Filing portal.

Note: At any instance, if the applicant finds difficulties or needs any assistance in applying for the withholding tax, they can call the SARS Contact Centre at 080000 (2777) or they can visit the SARS office and can clarify the queries regarding the tax returns.

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Required Documents

• No document is required for filing the Withholding tax on interest online.

Office Locations & Contacts

SOUTH AFRICAN REVENUE SERVICES
4 Rissik St, Marshalltown, Johannesburg, 2000, South Africa
Telephone Number: +27800007277
Physical address: Lehae La Sars, 299 Bronkhorst Street, Nieuw Muckleneuk: 0181, Pretoria.
Postal address: Private Bag X923, Pretoria 0001, South Africa.
Address and Contact Link
Location Link

LIST OF CUSTOMS OFFICE IN SOUTH AFRICA

• Address and Contacts Link
  

Eligibility

• The taxpayer of SA who withheld the interest payment from paying it to the foreign person, is eligible to apply for the Withholding tax returns application.

Fees

• There is no fee for applying for the Withholding tax on Interest.

Validity

• The withholding tax must be paid before the end of the month after the month in which the interest was paid.

Note: If the last day of the month is a public holiday or weekend, the payment must be made on the last business day before the public holiday or weekend.

Documents to Use

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Sample Documents

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Processing Time

• The Withholding Tax on Interest can be applied immediately.

Related Videos

Videos explaining the procedure or to fill the applications.
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Instructions

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e.g., The state office holds birth records since January 1908.

Required Information

• Income Tax Reference Number
• Tax Office
• SARS Registration Details
• Date of Liability
• First Name
• Surname
• ID Number
• ID type
• Trading Name
• Bus Tel No
• Direct Tel No
• Fax No
• Home Tel No
• Cell Number
• Email Address
• Physical Address
• Postal Code
• Postal Address

BANK ACCOUNT DETAILS

• Bank
• Branch Number
• Account Number

WITHHOLDING TAX ON INTEREST

• Gross interest paid
• Withholding Tax on Interest payable
• Month in which Interest paid
• Number of foreign persons paid

Need for the Document

• If the taxpayer had withheld the interest amount that needs to be paid to the foreign businessmen, then they must apply for the withholding tax returns at the SARS portal.

Information which might help

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Other uses of the Document/Certificate

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E.g., Birth Certificate can be used as proof of identity.

External Links

• External Link

Others

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