Budget 2012 – Business taxation

On 29 March 2012, the Minister of Finance tabled Budget 2012. No tax rate changes were announced, however, changes were announced to a number of provisions as follows:

Thin capitalization rules

Budget 2012 proposes to improve the integrity and fairness of the thin capitalization rules by:

-		reducing the debt-to-equity ratio from 2:1 to 1.5:1;
-	&…