South Africa's National Treasury has published the initial batch of the draft 2019 Taxation Laws Amendment Bill (TLAB). As provided in the Treasury media statement, the draft covers two specific amendments that are more urgent and require further consultation:
1. Addressing abusive arrangements aimed at avoiding the anti-dividend stripping provisions
On 20 February 2019, the Minister of Finance made an announcement in Annexure C of the Budget Review regarding “Addressing abusive arrangeme…