Treasury agrees to parliamentary oversight of minimum global tax changes
It rejected comments that the tax would increase the tax burden and compliance costs and deter multinationals from investing in SA
23 October 2024 - 13:35
The Treasury has agreed to amend the draft Global Minimum Tax Bill to ensure that parliament will have to approve any amendments made to the global rules before they apply in SA.
This was one of the proposals made during public hearings on various tax bills held recently by parliament’s standing committee on finance. ..
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