New SA tax law: a bold step for loop structures and exchange control
In line with the stated intention to modernise SA’s existing exchange control system, three tax laws were promulgated on January 20
10 February 2021 - 05:00
SA tax law stepped boldly into 2021, firmly in line with the government’s stated intention to modernise the country’s existing exchange control system.
In 2020, finance minister Tito Mboweni announced the Treasury’s intention to transform the current exchange control environment into a capital flow management framework. This was first announced during the 2020 national Budget Review, and essentially proposed an overhaul of exchange controls to take place over 12 months. ..
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.