Income Tax Act, 1962 (Act 58 of 1962)Chapter II : The TaxesPart IVA : Withholding tax on royalties49F. Payment and recovery of tax |
| (1) | If, in terms of section 49C, a foreign person is liable for any amount of withholding tax on royalties in respect of any amount of royalties that is paid to or for the benefit of the foreign person, that foreign person must pay that amount of withholding tax and submit a return by the last day of the month following the month during which the royalty is paid, unless the tax has been paid by any other person. |
[Section 49F(1) substituted by section 3 of the Tax Administration Laws Amendment Act, 2021 (Act No. 21 of 2021), Notice No. 771, GG45788, dated 19 January 2022]
| (2) | Any person that withholds any withholding tax on royalties in terms of section 49E must submit a return and pay the tax to the Commissioner by the last day of the month following the month during which the royalty is paid. |
[Section 49E(2) substituted by section 62(1) of the Taxation Laws Amendment Act, 2014 (Act No. 43 of 2014) - effective 1 January 2015]
[Section 49F inserted by section 12(1) of the Tax Administration Laws Amendment Act, 2012 (Act No. 21 of 2012) - effective 1 July 2013]