Debt restructuring arrangements are likely to become more prevalent in the tough economic conditions that South Africa currently...
Tax consequences of debt relief
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Corporate and business tax
Telkom case: Exchange losses on shareholder loans
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...
Timing of tax deductions for customer loyalty scheme costs
Section 24C of the Income Tax Act provides an allowance for certain obligations to incur expenditure in future. The Supreme...
Broadened anti-dividend stripping tax rules
The National Treasury announced in the 2019 Budget Review that the anti-dividend stripping rules will be amended to apply to...
Valuation of trading stock for tax purposes
A number of cases dealing with the valuation of trading stock have been considered by the courts in recent years. In C:SARS v...
Tax complexities of lease arrangements
The tax implications of lease arrangements may be inherently complex in nature. This includes the tax treatment of lease...