O’Bang Law was invited by the National Treasury to make oral submissions concerning its written submissions on the need for the National Treasury to review its tax approach on virtual assets as per the Income Tax Act and restructuring the wording of Income Tax (Charitable Organisations and Donations Exemption) Rules, 2024.
Ombo Malumbe, Partner said “Since the official launch of the Public Affairs Department in 2022, we have gained a lot of traction that has resulted in favourable outcomes for our Clients. In this case, the Public Affairs Department has been providing reasonable tax adjustments proposals to the National Treasury and has been receiving a positive reception on the same. This portrays not only the exceptional work but also the thought put in place to ensure that O’Bang Law’s proposals are meaningful.“