Proposed tax amendments for 2019

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The National Treasury published the draft Taxation Laws Amendment Bill for comment on 21 July 2019. This article provides a brief overview of proposals relating to the application of anti-dividend stripping rules to dilutive share issues, exclusion of certain items from the corporate roll-over rules as well as a limitation of the deduction allowed in respect of  expenditure to subscribe for venture capital company shares. The draft bill remains open for comment until 23 August 2019.
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Pieter Van der Zwan