n Tax Breaks Newsletter - Budget 2008's tax changes

Volume 2008, Issue 267
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Thanks go to Ernie Lai-King and the rest of the Deneys Reitz tax team for providing us with a summary of the Budget's main tax proposals, which include:

  • Reducing the corporate tax rate from 29% to 28%.
  • Personal income tax relief for individuals amounting to R7.7 billion.
  • Announcing a number of tax incentives for business, including learnerships and a number of property-related incentives.
  • A major reform of Exchange Control Regulations.

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