Providing you with informed commentary on current developments in the local tax and business arena.
Our monthly analysis and comments on new law and administrative changes assist business executives to identify developments and trends in law and Inland Revenue practice that might impact their business.
Proposed Income Tax and VAT amendments
Heraclitus, a Greek philosopher, has been quoted as saying “change is the only constant in life”. This will always be applicable, even more so today.
During the annual budget speech held in March, the Minister of Finance an-nounced that the following Income tax and VAT proposals will be finalized for ta-bling. We expect to see these proposals tabled during the second half of 2019. At the moment we do not have too much insight around the actual wording of the legislation and await to what comes out.
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