The Income Tax Act contains specific rules that determine the tax implications if a taxpayer is relieved of its debts...
Amendments to the debt relief tax rules
read more
Corporate and business tax
Changes to venture capital company tax regime
The South African National Treasury introduced the venture capital company (VCC) regime in section 12J of the Income Tax Act in...
Valuation of trading stock for tax using IFRS as a basis
Income tax returns are often prepared using financial statements as a starting point and making some adjustments to reflect the...
Kangra Group case: Deductibility of damages settlement payment
The tax implications of arrangements involving claims for damages are often complex, whether viewed from the perspective of the...
The tax effect of terms of financing instruments
The case of Crookes Brothers Limited v C:SARS was widely commented as a rare case that deals with the South African transfer...
SARS views on venture capital company rules
The venture capital company (VCC) tax incentive was introduced in 2008 to assist small and medium entities in raising equity...