oa De Rebus - Personal services companies and the Constitution

Volume 2007, Issue 469
  • ISSN : 0250-0329



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.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error