Contact

Special Edition: 2018 Draft Tax Amendment Bills published for public comment

Back to top

Special Edition: 2018 Draft Tax Amendment Bills published for public comment

On 21 February 2018, the Minister of Finance announced in the 2018 Budget Review, a raft of proposed additional tax amendments for the upcoming legislative cycle pursuant to the annual tax policy process.

20 Jul 2018 1 min read Special Edition Tax and Exchange Control Alert Article

The Special Budget Alert published on the same day discussed some of the various tax policy proposals. On 17 July 2018, National Treasury published for public comment, the draft Taxation Laws Amendment Bill, 2018 (TLAB) and draft Tax Administration Laws Amendment Bill, 2018 (TALAB). The TLAB and TALAB include the legislative amendments for the more complex tax proposals that were announced in the 2018 Budget Review. In this Tax Alert we discuss some of the more significant proposed legislative amendments including the rules dealing with the conversion of debt into equity as well as the anti-dividend stripping provisions. Comments on the draft bills are due by 16 August 2018.

Download the PDF to read our experts' views in this Special Edition Alert.

The information and material published on this website is provided for general purposes only and does not constitute legal advice. We make every effort to ensure that the content is updated regularly and to offer the most current and accurate information. Please consult one of our lawyers on any specific legal problem or matter. We accept no responsibility for any loss or damage, whether direct or consequential, which may arise from reliance on the information contained in these pages. Please refer to our full terms and conditions. Copyright © 2024 Cliffe Dekker Hofmeyr. All rights reserved. For permission to reproduce an article or publication, please contact us cliffedekkerhofmeyr@cdhlegal.com.

You might also be interested in

15 Nov 2023

by Alex Kanyi

Benefitting from the Tax Amnesty Program: The Quick Steps

The Finance Act 2023 introduced a Tax Amnesty Program which is a great opportunity for Kenyan taxpayers.

Tax & Exchange Control

10 Oct 2023

by Fatima Gattoo and Fatima Essa

Empowering cyber-resilience in South African conveyancing: Navigating challenges and crafting solutions

In the ever-evolving landscape of property transactions, conveyancing has undergone a transformative shift from traditional, paper-bound practices to a digital era marked by efficiency and accessibility. However, with these advancements comes a formidable adversary – cybercrime. This article delves into the multifaceted challenges posed by cyber threats in South African conveyancing and offers proactive solutions to fortify the integrity of property transactions.

Real Estate Law

3 min read

7 Mar 2024

by Jerome Brink

Solar is dead, long live solar

Renewable energy in South Africa is a hot topic. Not only because South Africa has an energy crisis and climate change needs to be averted, but also because the South African Government is assisting in the transition to a greener, cleaner, and more stable energy supply by, amongst other things, offering favourable tax incentives in this space.

Tax & Exchange Control

4 min read

5 Feb 2024

Annual increase to the national minimum wage – effective 1 March 2024

The National Minimum Wage Act 9 of 2018 (Act) was enacted to advance economic development and social justice by, inter alia, improving the wages of the lowest paid workers, and protecting workers from unreasonably low wages by establishing the national minimum wage (NMW).

1 min read

26 Apr 2023

by Lara Granville and Dean Tennant

The Competition Appeal Court stays Standard Bank’s review pending discovery

The Competition Appeal Court (CAC) has ruled that the review by Standard Bank SA (SBSA) of the Competition Commission’s (Commission) decision to refer a complaint against it, must be stayed pending the completion of the discovery process in the complaint referral proceedings. The decision arguably limits the rights of respondents in complaint referrals to just administrative action.

Competition Law

3 min read

23 Aug 2023

by Sandile Shongwe, Allan Reid and Vivien Chaplin

Does an indirect change of control by means of a rights issue or otherwise require section 11 consent in terms of the MPRDA?

The Mineral and Petroleum Resources Development Act 28 of 2002 (MPRDA) provides for the Minister of the Department of Mineral Resources and Energy (DMRE) (Minister) to consent to the transfer of prospecting and mining rights, including the transfer of a “ controlling interest ” in companies or close corporations that hold such rights.

Mining & Minerals

5 min read

This website uses cookies to enhance the browsing experience. For more information, please see our Cookie Policy.

Accept Decline