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Asisa relieved over govt's tax laws decision

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(iStock)
(iStock)

Cape Town – The Association for Savings and Investment South Africa (Asisa) was relieved about the government’s decision to implement the bulk of the Taxation Laws Amendment Act, CEO Leon Campher said on Thursday.

Earlier on Thursday National Treasury said that with the exception of the annuitisation requirement for provident funds, all other tax related measures would be implemented for all retirement funds from March 1 2016.

“While this is not the outcome we had hoped for as an industry, we are satisfied that the tax harmonisation reforms, together with the other tax amendments and clarifications contained in the act, will be implemented as scheduled on March 1 2016,” Campher said.

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