WITHDRAWAL OF EXIT TAX CONFIRMED AS PRESIDENT SIGNS TAX BILLS INTO LAW

The President has given effect to the 2021 tax proposals by signing the relevant tax Acts into law. With the promulgation of the Taxation Laws Amendment Act No. 20 of 2021 (“TLAA”), Government’s promise to scrap the exit tax on retirement interests has been confirmed, at least for now.

Jean du Toit

Jean du Toit
Head of Tax Technical