On 8 July 2016, the South African National Treasury published the 2016 Draft Taxation Laws Amendment Bill and 2016 Draft Tax Administration Laws Amendment Bill for public comment. The Bills include the amendments needed to implement several of the tax measures included in the 2016 Budget.
The main measures in the 2016 Draft Taxation Laws Amendment Bill include:
- Introducing measures to prevent tax avoidance through the use of trusts;
- Refinement of the taxation of retirement savings;
- Address…