Details

Type: Publication series
Date: 10/26/2012

South Africa – Treasury Releases Detailed Tax Proposals on Retirement and Savings

KPMG in South Africa discusses two Technical Discussion Papers released by the National Treasury containing detailed tax proposals concerning the future of retirement and non-retirement savings in South Africa. Once implemented, the new regime will have a significant impact on employers and their employees, particularly nonresidents and higher earners. Consultations on the Papers will end November 30, 2012, and draft legislation is expected during 2013, with proposed implementation from March 1, 2014, at the earliest.

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