Possible area for additional tax revenue collections
Finance minister expected to announce progress with Pillar Two legislation.
Source: moneyweb.co.za
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Finance minister expected to announce progress with Pillar Two legislation.
Pension funds still need to communicate all the changes to members, who have to understand what the changes mean for their retirement.
But the lack of final legislation, together with the early implementation date, is complicating things.
When is it tax-exempt, and when not? When is it deductible, and when isn't it?
Remember reimbursements when claiming expenses, particularly for medical costs.