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n Tax Breaks Newsletter - Budget 2008's tax changes
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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