The question often arises whether the tax law obliges certain lenders to charge interest on loans to connected parties. This...
To charge interest or not?
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Corporate and business tax
The timing of tax deductions matters
One often encounters arguments that the year in which something is taxed or deducted does not really matter: as long as SARS...
The ABSA case: “Party” and “Tax Benefit” under the GAAR
The general anti-avoidance rules (GAAR) in sections 80A to 80L of the Income Tax Act 58 of 1962 (the Income Tax Act) have...
Income tax considerations for homeowners’ associations
Section 10(1)(e) of the Income Tax Act 58 of 1962 (the ITA) exempts levy income received by bodies corporate, share block...
Be careful of the GAAR
The number of cases before South African courts involving the general anti-avoidance rules (the GAAR) have increased noticeably...
Pointers for share incentive schemes
Many companies use share incentive schemes to align the objectives of key staff members and the company. The design may look...