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A South African company paying royalties to a non-resident in the first month of the 2025 tax year, for the use of their copyright over a book, would have had to withhold tax (to pay over to SARS) at what rate? Select one: O a. 12% O b. 10% O c. 5% O d. 15% B 11

A South African company paying royalties to a non-resident in the first month of the 2025 tax year, for the use of their copyright over a book, would have had to withhold tax (to pay over to SARS) at what rate? Select one: O a. 12% O b. 10% O c. 5% O d. 15% B 11

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A South African company paying royalties to a non-resident in the first month of the 2025 tax year, for the use of their copyright over a book, would have had to withhold tax (to pay over to SARS) at what rate? Select one: O a. 12% O b. 10% O c. 5% O d. 15% B 11
Transcribed Image Text:A South African company paying royalties to a non-resident in the first month of the 2025 tax year, for the use of their copyright over a book, would have had to withhold tax (to pay over to SARS) at what rate? Select one: O a. 12% O b. 10% O c. 5% O d. 15% B 11
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