As part of South Africa’s 2020 Budget Review, delivered by the country’s Minister of Finance on 26 February 2020,1 National Treasury tabled a proposal aimed at curtailing excessive corporate interest deductions.
Consultation on these proposals commenced with the release of a discussion document titled “Reviewing the Tax Treatment of Excessive Debt Financing, Interest Deductions and Other Financial Payments” (Discussion Document). Public comments on the Discussion Document are due by 17 …