n Tax Breaks Newsletter - Threat to deductibility of foreign royalties : royalty deductions
|Article Title||Threat to deductibility of foreign royalties : royalty deductions|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Nov 2007|
The proposed new s23I of the Income Tax Act is drafted so widely that many royalties currently paid to foreign licensors may be prohibited as deductions for SA-resident licensees, warns a recent Tax Alert from PricewaterhouseCoopers.
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