Treasury agrees to amendments to draft tax laws
The Treasury’s agreement follows public hearings and engagements with stakeholders
13 October 2020 - 15:21
The Treasury has made a concession for people planning to emigrate by exempting those who submit applications before March 1 from a proposed rule preventing them from accessing their lump sum retirement funds before three consecutive years of being a tax resident of another country.
The concession was among a raft of proposed amendments announced by the Treasury and the SA Revenue Service (Sars) during a finance committee meeting on Tuesday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.