by Pieter van der Zwan | Aug 4, 2020 | Corporate and business tax
Taxpayers are generally only entitled to deduct expenses in determining their taxable income when they actually incur the expenditure. Section 24C of the Income Tax Act provides an exception to this rule. This article provides a brief overview of the provision and...
by Pieter van der Zwan | Jul 14, 2020 | Corporate and business tax
In the current business conditions lenders increasingly face the prospect of not being able to fully recover debts. These debts may include trade debts, for example, trade receivables, but also longer-term debts. This article provides an overview of the relevant tax...
by Pieter van der Zwan | Jul 1, 2020 | Corporate and business tax
Debt restructuring arrangements are likely to become more prevalent in the tough economic conditions that South Africa currently encounter. One of the key considerations when entering into such an arrangement is to understand the tax consequences. This article...
by Pieter van der Zwan | May 1, 2020 | Corporate and business tax
The Supreme Court of Appeal (‘the SCA’) delivered judgment in Telkom SA SOC Limited v C:SARS (Case no 239/19) [2020] ZASCA 19 on 25 March 2020. One of the matters considered in this case related to a deduction claimed by Telkom SA SOC Ltd (‘Telkom’) in respect of...
by Pieter van der Zwan | Mar 3, 2020 | Amendments
The National Treasury published its annual Budget Review on 26 February 2020 (‘the Budget Review’). The above-inflation proposed adjustments to the progressive tax brackets, rather than anticipated increases in tax rates, surprised many commentators. Chapter 4 and...
