n Tax Breaks Newsletter - Taxing issues




Extracted from text ... TAXING ISSUES Kathy Thersby Editor SHORTLY before we went to press SARS released a draft Revenue Laws Amendment Bill for comment by the public. Of particular interest in the draft bill are its proposals regarding employee share-incentive schemes. The amendments contain farreaching proposals to broaden share ownership and boost employee savings levels. The bill proposes reducing the tax burden on employee share-incentive schemes, to enable staff to hold on to their shares. SARS's moves to encourage broad-based share schemes - designed to provide access to share capital for at least 90 per cent of permanent staff who do not ..


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