Unforeseen preference share amendments

The 2019 Taxation Laws Amendment Bill (TLAB) was tabled with the Medium Term Budget Policy Statement on 30 October 2019. The TLAB contains a significant amendment to the definition of “hybrid equity instrument” in section 8E of the Income Tax Act, which will deem any distributions made within 3 year…

https://www.polity.org.za/article/unforeseen-preference-share-amendments-2019-11-04