Friday 25 September 2020
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dailymaverick - 2 month ago

BUSINESS MAVERICK: As exchange controls are relaxed, the tax net gets tighter

As announced in the February 2020 Budget, the foreign exchange control system will be modernised and a new capital flow management system will be put in place. These changes necessitated some tax changes, which were announced in the 2020 Draft Taxation Laws Amendment Bill that was published for comment a fortnight ago. It will bring an end to what we know as ‘financial emigration’.


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