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The Taxation Laws Amendment Bills of 2011 introduce significant changes in tax policy for the 2011/12 fiscal year. Key objectives include providing tax relief for individuals, supporting job creation, and promoting skills development. Notable provisions include fiscal drag relief, which modifies personal income tax brackets, resulting in an estimated R8.1 billion in tax adjustments. These measures aim to enhance economic growth and alleviate the tax burden on citizens, fostering a more equitable financial environment.
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