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On 29 March 2012, the Minister of Finance tabled Budget 2012. No tax rate changes were announced, however, changes were announced to a number of provisions as follows:
Thin capitalization rules
Budget 2012 proposes to improve the integrity and fairness of the thin capitalization rules by:
| - | reducing the debt-to-equity ratio from 2:1 to 1.5:1; | |
| - | &… |
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