oa De Rebus - Personal services companies and the Constitution



Section 23(k) of the Income Tax Act 58 of 1962 as amended (the Act), prohibits a personal services company from claiming any expenses as allowable deductions in the calculation of its taxable income, except those expenses that constitute amounts paid, or payable, to an employee of that company for services rendered by such an employee, which is, or will be, taken into account in the determination of the taxable income of such employee.


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