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PwC | Tax News – 2018 Legislative cycle: Proposed revisions to debt relief rules

We provide a wealth of publications by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally.

Through analysis and comment on new law and judicial decisions of interest, they assist business executives to identify developments and trends in tax law and revenue practice that might impact their business.

In this alert:

The draft Taxation Laws Amendment Bill, 2018, released for public comment on 16 July 2018, proposes important amendments to the debt relief rules contained in section 19 and paragraph 12A of the Eighth Schedule to the Income Tax Act, 1962. 

Please find ATTACHED the alert that deals with tabove-mentionedned matter.