Section 24C of the Income Tax Act provides an allowance for certain obligations to incur expenditure in future. The Supreme...
Timing of tax deductions for customer loyalty scheme costs
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Corporate and business tax
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...
Assumption of contingent liabilities in restructuring transactions
The Income Tax Act contains a number of special rules, often referred to as the corporate rules, to facilitate certain...
Deductions allowed for future expenditure
Taxpayers are taxed on income at the earlier of the date of receipt or accrual and are entitled to deduct expenditure to produce...