Treasury steps into uncharted waters– Latest tax developments and tax relief measures for businesses struck by COVID 19
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Treasury excludes duty rebates for goods damaged, lost or stolen due to robbery and theft. Adjustments in the Employee Tax Incentive Act aim to boost youth employment and clarification on eligible employers is provided.
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To the relief of many South Africans, the 2020 budget speech has gone against the grain of many speculators who anticipated VAT, corporate and income tax increases. This update covers the proposed changes.
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