Report from our correspondent Lutando Mvovo, South Africa
Budget for 2018-19 – direct taxation.
The Budget for 2018-19 was presented to Parliament by the Minister of Finance on 21 February 2018. Details of the Budget with respect to direct taxation, which, unless stated otherwise, will apply from 1 March 2018, are summarized below. For details with respect to indirect taxation, see South Africa-1, News 22 February 2018.
(a) Corporate taxation
The Budget proposes, among other things, to:
– Review the controlled foreign company high tax exemption; Read more