Tax review on collective investment schemes: A critical consultation opportunity for members
National Treasury has launched a review of the income tax treatment of collective investment schemes (CIS), marking a pivotal moment for the sector. This review, first announced in the 2020 Budget, stems from concerns raised in the 2018 Taxation Laws Amendment Bill regarding the classification of amounts received by CIS portfolios as either revenue or capital. The aim is to clarify tax implications, potentially reshaping the sector’s financial landscape.
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