The National Treasury has withdrawn the proposed amendment to the Income Tax Act that would have affected offshore entities of South African multinationals. The amendment was withdrawn due to the case heading to the Constitutional Court. Tax experts predict future legislative changes that will impact multinationals with similar offshore structures.
National Treasury has withdrawn the proposed amendment to the Income Tax Act pertaining to offshore entities of South African multinationals. The amendment was withdrawn because the case is heading to the Constitutional Court .
However, tax experts predict legislative changes that will impact multinationals with similar offshore structures.
National Treasury Proposed Amendment Income Tax Act Offshore Entities South African Multinationals Constitutional Court Tax Experts Legislative Changes Offshore Structures
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