Treasury proposes amendments to venture capital company tax regime

nationaltreasurySouth Africa’s National Treasury has proposed amendments to the existing venture capital (VC) company tax regime. These changes promise to contribute significantly to venture capital company creation and activity in South Africa. In particular, it is proposed that tax deductions for investment in VC’s will be permanent if the investment is held for at least 5 years. It is also proposed to increase the asset limit of qualifying small companies from R20m to R50m.

Read more at Business Day. See also a press release from SAVCA (South African Venture Capital and Private Equity Association).

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