Linda Peter
Director: International Tax and M&A
Over the last few years, increasingly more South African companies have expanded their businesses, especially into Africa. However, the effects of withholding tax (WHT) or other taxes on the profit of the company are not usually considered, until it is too late.
WHT is a tax levied on the payer of an item of income and can, if not properly planned, have a significant impact on company profit levels.
Before your company starts doing business, we recommend that you seek professional tax advice on the possible risks and how your company will be affected.
How BDO can help you
We at BDO keep up to date with the changes in tax legislation. We have extensive practical knowledge of the WHT and foreign tax relief regime in South Africa. With BDO offices situated in most African countries and the rest of the world, we have in-country experts that can assist with practical knowledge of domestic legislation.
BDO can assist you from the planning phase to implementation to make sure that that your expansion into Africa and/or the rest of the world is as straightforward as possible. By taking the time to plan the expansion of your business with the right partner, foreign tax relief and WHT should not be obstacles to your expansion plans.