The South African Revenue Service (SARS) has published the following for public comment: Section 11D of the Income Tax Act, 1962 – Draft refinements to the research and development tax incentive Draft Explanatory Memorandum – Refinements to the research and development tax incentive Details are provided in a Media Statement from the National Treasury as follows: --- MEDIA STATEMENT Publication of draft refinements to the research and development tax incentive (in terms of section 11D of the Income Tax Act) for potential inclusion in the 2023 Budget and draft 2023 Taxation Laws Amendment Bill for public comment Government is proposing...