South Africa Consulting on Refinements to the R&D Tax Incentive

The South African Revenue Service (SARS) has published the following for public comment:

• Section 11D of the Income Tax Act, 1962 – Draft refinements to the research and development tax incentive
• Draft Explanatory Memorandum – Refinements to the research and development tax incentive

Details are provided in a Media Statement from the National Treasury as follows:

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MEDIA STATEMENT

Publication of draft refinements to the research and development tax incentive (in terms of section 11…