The Income Tax Amendment Act No 13 of 2015 and the Value-Added Tax Amendment Act No 12 of 2015 were published in the Government Gazette on 30 December 2015 and 29 December 2015, respectively.
We set out a summary of the amendments below:
All income tax amendments, except for the reduction in the corporate tax rate, are effective from 30 December 2015.
All VAT amendments are effective as from 1 December 2015.
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