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Boxers will soon find huge chunks of cash missing from their purses - courtesy of the tax man. Boxing South Africa will deduct 25% tax from every boxer's gross purse, says acting CEO Krish Naidoo. Boxers must then still pay their trainers and managers (traditionally 25% of gross) as well as 1.5% to the benevolent fund. In other words, many boxers will be taking home less than 50% of the purses they sign for. The good news is boxers can claim back training-related expenses - so keep all records!