n Tax Breaks Newsletter - Payment for use of business assets is usually deductible : from the courts
|Article Title||Payment for use of business assets is usually deductible : from the courts|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Jan 2008|
A fundamental principle of the South African income tax system is that capital expenditure is not tax deductible, and the disputes between taxpayers and the tax authorities as to what does or does not constitute capital expenditure are legion.
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