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New rates, monetary amounts legislation signed into law

President Jacob Zuma signed into law the Rates and Monetary Amounts and Amendment of Revenue Act, 2015.

16 Nov 2015

New rates, monetary amounts legislation signed into law

© Golkin Oleg – 123RF.com

The Act seeks to give legislative effect to rates and monetary threshold changes pertaining to income tax, transfer duty, customs and exercise duties.

These changes were announced by the Minister of Finance during the Budget Review 2015 and tabled in Parliament on 25 February 2015.

Source: SAnews.gov.za

SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.

Go to: http://www.sanews.gov.za

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