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South Africa: Draft guidance on income tax exemption

Clarifying the income tax exemption for bodies corporate, share block companies, and qualifying associations of persons

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December 5, 2025

The South African Revenue Service (SARS) released draft Interpretation Note 64 (Issue 5) in September 2025 clarifying the income tax exemption under section 10(1)(e) of the Income Tax Act for bodies corporate, share block companies, and qualifying associations of persons.


For more information, contact a KPMG tax professional in South Africa:

Lesley Bosman | lesley.bosman@kpmg.co.za

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