Treasury extends tax moratorium

Published Mar 5, 2005

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The moratorium on the taxation of foreign pensions has been extended until the government decides how it will restructure the taxation of retirement funds, as part of a total overhaul of retirement legislation.

Martin Grote, the chief director for tax policy at the National Treasury, says a decision on the moratorium will be made when the taxation of retirement funds is restructured.

The moratorium on capital gains tax on retirement funds has also been extended.

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