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News & Press: Opinion

Taxation Laws Amendment Bill, 2017

07 November 2017   (0 Comments)
Posted by: Wendell Alexander
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Author: Joon Chong and Brian Dennehy, (Webber Wentzel)

In this fourth e-alert covering the Taxation Laws Amendment Bill, 2017 (TLAB), we discuss amendments in the Income Tax Act, 1962 (ITA) on the new debt relief measures and the meaning of "debt" in the corporate rules. We also discuss amendments relevant to real estate investment trusts (REITs), securities lending arrangements and third-party backed shares, as well as the additional relief provided to venture capital companies (VCC) for returns of capital. All references to "section" below are to sections in the ITA, and references to "para" are to paragraphs in the Eighth Schedule of the ITA.

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This article first appeared on webberwentzel.com


 

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