n Professional Accountant - Changes to secondary tax on companies

Volume 2009 Number 1
  • ISSN : 1680-7537


The recently released draft Revenue Laws Amendment Bill, 2007, proposes significant amendments to the secondary tax on companies (STC) regime. These involve an expansion as to the scope of distributions that will be subject to STC and a reduction in the rate, from 12.5% to 10%.

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