AUGUST 2011 TAX NEWSLETTER
Tuesday, August 30, 2011
A draft Taxation Laws Amendment Bill of 2011 was publicly released on 2 June 2011, which contained many far reaching changes. The Bill proposed provisions with retrospective effect, for example th 18-month suspension of section 45 (intra group transactions) of the Income Tax Act, no 58 of 1962 (“the ITA“).
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