Section 12B provides a 100% deduction for assets that a taxpayer uses in the generation of electricity from PV solar energy not...
Section 12BA: 125% allowance on renewable energy assets
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Amendments
Proposal to cushion Practice Note 31’s withdrawal
The National Treasury published the draft Taxation Laws Amendment Bill for the 2023 legislative cycle on 31 July 2023. It...
Budget 2023: Tax proposals
The Budget 2023 sets out the National Treasury’s proposals for tax amendments in the 2023 legislative cycle. This article...
New tax rules for returns of capital
The National Treasury published the Taxation Laws Amendment Bill for 2022 on 26 October 2022. Amongst others, this bill includes...
VAT proposals for 2022
VAT vendors can expect a number of amendments that affect specific classes of vendors in 2023. The National Treasury published...
Corporate tax proposals for 2022
What awaits corporate taxpayers in the 2023? The National Treasury published the draft proposals for tax amendments for...