20 July 2018 by , and Special Edition Tax and Exchange Control Alert

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.

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.

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