TAX UPDATE FOR INDIVIDUALS

Monday, December 02, 2013
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The Taxation Laws Amendment Bill, 2013 (“TLAB 2013”) contains a number of amendments which impact on the tax treatment of individuals. Some of these amendments would only apply to employees in very specific circumstances (e.g. employees who acquire residential accommodation from their employers) while other amendments (such as the proposed amendments relating to retirement fund savings) will have much wider application.

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