Covid-19 Business Watch
WATCH: Treasury changes tack on tax incentives
Michael Avery talks to a panel about the Treasury’s changes regarding SA’s tax incentives
09 March 2021 - 13:40
There is a bigger story beyond the sun setting on the s12J incentive. The Treasury indicated in the 2020 budget that the government was reducing the number of tax incentives in the tax system, and the 2021 budget had reminded taxpayers that four further tax incentives were scheduled to lapse on reaching their respective sunset dates.
The Treasury noted that: “Tax incentives often undermine the principles of a good tax system, which should be simple, efficient, equitable and easy to administer.” ..
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