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South Africa Retracts Proposed Amendments to the Definition of a Hybrid Equity Instrument

|Proposed Changes|South Africa
South Africa

South Africa's National Treasury has announced the retraction of proposed amendments to the definition of a hybrid equity instrument, which was meant to strengthen anti-avoidance measures. It was proposed that if an instrument is recognized as a debt liability for accounting purposes under International Financial Reporting Standards (IFRS), it will also be treated as debt for tax purposes.

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