Proclamation 2 of 2025

Read Statutory Instrument 20 of 2025 instead of this one. S.I. 20 is this same instrument republished with corrections, and it says so on its face: "Statutory Instrument 20 of 2025: Statutory Instrument 18 of 2025 republished with corrections", gazetted 14 March 2025.

Both carry Proclamation 2 of 2025, by which the President notifies under section 91 of the Income Tax Act the terms of a double taxation agreement concluded with the Government of the Republic of Belarus. The corrected version caps withholding tax at 5% or 10% on dividends depending on shareholding, 5% on interest, 5% on royalties and 2.5% on fees for technical services, and it does not state that the agreement has yet entered into force.

A separate problem affects this record. The text stored for S.I. 18 is corrupted: the source PDF used a font encoding the extraction step could not resolve, so the captured characters do not correspond to the letters printed on the page. It is not a truncated or scanned extract — the operative provisions simply cannot be read from what was stored. Nothing in the paragraph above is taken from that corrupted text; it comes from the corrected republication.

This document should be re-extracted from source. Until then, S.I. 20 of 2025 is the version to rely on, and it is the one a reader should be sent to.