n Tax Breaks Newsletter - Future tax changes : budget 2006

Volume 2006, Issue 242
  • ISSN :



Extracted from text ... Moneyweb's TAX BREAKS March 2006 5 FUTURE TAX CHANGES While companies didn't receive any tax cuts or startling breaks, there are indications that corporate tax, including STC, is being reviewed by SARS and National Treasury, say Werksmans Attorneys' Doelie Lessing, Paul Ferreira and Andrew Wellsted in the company's Tax Werks. What follows is a list of what they term "proposals to plug loopholes, fill gaps, counter abuses and address anomalies, inconsistencies, over zealousness and unfairness in the tax legislation". INCOME TAX It is proposed to adjust the tax rules for public benefit organisations, so as to refine the list ..

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