Taxpayers are generally only entitled to deduct expenses in determining their taxable income when they actually incur the...
Tax deductions for future expenses
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Corporate and business tax
Tax treatment of bad and doubtful debts
In the current business conditions lenders increasingly face the prospect of not being able to fully recover debts. These debts...
Tax consequences of debt relief
Debt restructuring arrangements are likely to become more prevalent in the tough economic conditions that South Africa currently...
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...