South Africa's Minister of Finance, Enoch Godongwana, delivered the 2024 Budget Speech on 21 February 2024. Tax-related measures noted in the budget are quite limited, although it is noted that South Africa will be implementing the Pillar 2 Global Minimum Tax rules, including an Income Inclusion Rule (IIR) and Domestic Minimum Top-Up Tax (DMTT). Subject to approval, the legislation for the new rules will be deemed to have come into operation on 1 January 2024 and will apply to fiscal years beginning on or after that date. Click the following links for the 2024 Budget documentation and the related draft...