n Without Prejudice - Tax-free corporate migrations : tax




It is uncertain whether or not South African resident multinational corporate taxpayers will welcome the recent proposed amendments to the Income Tax Act (58 of 1962). The proposed amendments, as detailed in the 2015 Draft Taxation Laws Amendment Bill, published for public comment on 22 July 2015, seek to retrospectively reverse a 2013 amendment to the Act that has resulted in several commercial challenges in respect of transactions involving tax free corporate migrations.


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