1887

n Tax Breaks Newsletter - Royalty deductions disallowed

USD

 

Abstract

Extracted from text ... IN A recent Special Court judgment dealing with the deductibility of royalty payments for the use of trademarks and other brand assets, the court reached a conclusion which could have far-reaching consequences for many businesses in South Africa, advises Werksmans Attorneys. The facts of the case were that, during the 1950s, a local company was authorised by its controlling offshore company to use, free of royalty, certain trademarks and other designs owned by the offshore company in the furtherance of the local company's business operations in South Africa. During 1997, this arrangement was formalised in an agreement, one of ..

Loading

Article metrics loading...

/content/montb/2006/240/EJC78228
2006-01-01
2016-12-04
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