A focus on topical tax issues - May 2016
Tax Bill – Reforms galore
The Taxation (Annual Rates for 2016-17, Closely Held Companies and Remedial Matters) Bill (“the Bill”) has been introduced into Parliament by the Minister of Revenue. The Bill contains a bonanza of reforms, some of which are a result of consultation on various issues papers released last year. This Bill is more dense than most, clocking in at 139 pages of legislation, over 200 pages of commentary, and containing over 70 different reforms.