The Minister of Finance has released the draft Revenue Laws Amendments Bills 2008 for public comment. Comments are to be submitted to the National Treasury by 29 August 2008. Most of the proposals in the bills were announced in the Minister's Budget Speech of 20 February 2008). The major new proposals are as follows:
(a) Secondary Tax on Company (STC) credits. Contrary to what was earlier announced, it is now being proposed that the STC credits should not expire…