Important:
This article is based on tax law for the tax year ending 28 February 2019.
Author: Elle-Sarah Rossato
The 2018 Budget proposals includes amendments in the tax administration space. Apart from the developments in the corporate income tax space, we have also seen a specific focus on developing tax administration in the VAT space. Other highlights include the change in the official interest rate and that taxpayers must be notified when an audit begins.
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This article first appeared on pwc.co.za.