Treasury revives plans to tax popular infrastructure bonds

Infrastructure bonds (IFBs) have been tax-free since they were first issued in February 2009.

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The National Treasury has revived its plans to impose a five percent withholding tax on interest earned on infrastructure bonds with tenures of at least three years.

The infrastructure bonds (IFBs) have been tax-free since they were first issued in February 2009 —meaning that they will be taxed for the first time if the proposal, which was previously contained in the shelved controversial Finance Bill, 2024, is approved by Parliament.

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Note: The results are not exact but very close to the actual.