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TAX MATTERS: Let’s Talk Tax – The preference share dilemma

May 24 | Tax

Recent legislative efforts to limit the use of secured preference share funding could have serious tax and financial consequences. South African companies need to know that, while the change impacts the taxation of dividends from years of assessment commencing 1 January 2024, the tax could be triggered by transactions undertaken long before this date. Bowmans Corporate Tax specialists share their insights into this critical matter.