Tax professionals in South Africa believe that given the current fiscal climate, it would be unlikely that the 2018 budget would offer much in the way of incentives or relief for corporate taxpayers.
Taxpayers may instead see a focus on specific anti-avoidance provisions and technical amendments aimed at closing loopholes. The contents of the 2018 Annexure C will provide taxpayers a first glance of the targets of these efforts, and the 2018 Annexure C proposals could possibly provide for the re-emergence of a controversial proposal in relation to dividends flowing from employee share schemes.
Read a February 2018 blog item prepared by the KPMG member firm in South Africa
For more commentary and predictions for tax measures in the 2018 budget, read a February 2018 blog item prepared by the KPMG member firm in South Africa
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