South Africa's National Treasury has published the draft tax amendment bills to give effect to the 2020 Budget for public comment, as well as draft regulations prescribing electronic services and a Venture Capital Company survey. Further, proposals have been made to extend certain COVID-19 tax relief.
Draft Budget Bills
The proposals contained in the draft bills are summarized in the Treasury media statement as follows:
Key tax proposals contained in the 2020 draft Rates Bill include:
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