Click here to read the Ernst & Young budget commentary under the following headlines (PDF file 87kb)
* Granting student loans to needy students now a public benefit activity
* Proposed amendments to STC legislation
* The private sector set to benefit from developing our inner cities for a further five years
* Small and medium-sized businesses
* Shock reduction to corporate tax rates
* Capital distributions under the radar screen again
* Exchange Control Reform
* Initiatives to increase housing development
* Debt Cancellation between offshore group CFC’S
* Repatriation from foreign cooperatives
* Retirement and Long Term Insurance
* Election for tax free roll-over reorganisation treatment
* Anti avoidance: Arbitrage through closely held companies
* Payroll & Associates Tax Services - Employees have something to look forward to!
* “Greater tax savings on bursary schemes”
* Miscellaneous amendments: Value-Added Tax Act (1991)
* Taxman saves us more on medical aid
* Excise Duties
* The 2008 Budget and Private Equity
* Taxpayers’ (generally expatriates) whose usual place of residence is outside South Africa – additional non taxable benefits for them
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