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Lesser-known tax incentives

Things tax savvy investors should know.

Since recent budget adjustments, taxpayers have become accustomed to paying higher taxes in a number of areas. The VAT increase is in full swing, estate duty has increased, fuel levies are adding extra strain to a seemingly bullish petrol price and the usual tobacco and alcohol duties all add to the consumer’s already heavy tax burden. However, government has, over the years, come up with a few masterful tax incentives designed to promote employment, boost small-to-medium business entrepreneurs and promote scientific and technological innovation.

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