The Finance Bill, 2018 (the Bill) has now been published, following the reading of the Budget Statement for the financial year 2018/19 by the Cabinet Secretary for the National Treasury. The Bill seeks to introduce various proposed amendments to the tax regime.
It should be noted that pursuant to the Provisional Collection of Taxes and Duties Act, some provisions of the Bill will come into force on 1 July 2018.
Click here to read a more comprehensive overview of the salient changes to the current tax laws that have been introduced by the Bill.
We will provide further updates as soon as the Bill is passed into law.
The content of this alert is intended to be of general use only and should not be relied upon without seeking specific legal advice on any matter.