Section 12M of the Income Tax Act No. 58 of 1962 allows a normal tax deduction for employers who pay the post-retirement medical contributions by way of lump sum payments on behalf of retired employees. Although a full deduction is granted to the employer for a contribution in terms of ...
"Income Tax Act" means the South African Income Tax Act, No. 58 of 1962; "the Website" means the website located at http://www.taxtim.com , https://www.taxtim.com, http://www.taxtim.co.za and all content found therein, including but not limited to any text, images, computer ...
South Africa 20 no TAB no TAB no TAB no TAB Apr 2016 Further Detail and Source Legislation The tax amortisation periods allowed in South Africa are defined in paragraph (o) of Article 11[1] of the Income Tax Act 58 of 1962. Intangible assets: as a general rule, amortisation of intangi...
Section 35A of the Income Tax Act 58 of 1962 determines whether an amount of tax must be withheld on the sale of immovable property by a non-resident as an... J Roeleveld - 《Accountancy Sa》 被引量: 0发表: 2007年 Two essays on managing innovation. The dissertation consists of two ch...
Concerns regarding new search and seizure powers granted to the SARS in terms of the Tax Administration Act Section 74D of the Income Tax Act 58 of 1962 ("the Act") granted the power of search and seizure to the South African Revenue Service, the basic underlying... Bovijn,Silke,V Scha...
Capital Gains Tax ("CGT") was introduced with effect from 1 October 2001 by the insertion of section 26A and an Eighth Schedule into the Income Tax Act 58 of 1962, by the Taxation Laws Amendment Act 5 of 2001.Paragraph 40(1) of the Eight Schedule provides that a deceased person must,...
Tax consequences on disposal of shares held by a CFC Where a foreign company constitutes a controlled foreign company ('CFC') as defined in terms of section 9D(1) of the Income Tax Act 58 of 1962 ('the Act'), the 'net income' of the CFC must be included in the South African resid...
Act58of1962,asamendedbysection3ofAct90of 1962,section1ofAct6of1963,section4ofAct72of1963,section4ofAct90of 1964,section5ofAct88of1965,section5ofAct55of1966,section5ofAct76of 1968,section6ofAct89of1969,section6ofAct52of1970,section4ofAct88of 1971,section4ofAct90of1972,section4ofAct65of1973,...
The Tax Cuts and Jobs Act of 2017 doubled bonus depreciation on specific types of property to 100% from the earlier rate of 50%. When you buy assets for your company like business equipment or furniture, you can’t deduct the entire amount from your income in the year of purchase. ...
A ROCKET WITH NO FUEL: HOW THE TAX CUTS AND JOBS ACT CREATES MORE LOOPHOLES FOR CORPORATIONS TO EXPLOIT THE U.S. ECONOMY In this study, we examine the effect of taxes on the use of trade credit and on the relation between trade credit financing and managerial inside debt usin... V Kuk...