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Tax Deductibility

670 Ventures is registered with SARS as a Venture Capital Company in terms of Section 12J of the Income Tax Act (Section 12J). This entitles investors to deduct 100% of their investment in Venture Capital Shares issued against taxable income, providing up to 45% upfront tax relief for individuals and trusts, or 28% for corporate investors. A certificate to substantiate a claim for tax deduction is provided, investors simply quote 670 Venture’s reference number when completing their tax returns.