2017/2018 BUDGET PROPOSALS – TAX OVERVIEW

LEGAL BRIEF FEBRUARY 2017 INTRODUCTION While the increase in the maximum marginal rate for individuals to 45% was widely forecast, with trusts being taxable at the same flat rate, the increase in the rate of dividends tax from 15% to 20% (and concomitantly, the same increase in the effective tax rate of foreign dividends) came like […]

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