Tax Practice Weekly Update – Issue 23 (19/06/2024)

National Treasury sheds light on the implementation of Pillar 2

In efforts to clarify stakeholders’ understanding pertaining to them implementation of the global minimum tax, National Treasury convened a workshop to shed light on the implementation of Pillar 2. Following the release of the draft Global Minimum Tax Bill (and associated documentation) for public commentary in February 2024, stakeholders submitted commentary thereon – which National Treasury has considered