1887

n Tax Breaks Newsletter - Declaring income to SARS? : from the courts

Volume 2008, Issue 275
  • ISSN :
USD

 

Abstract

As a result of this case, Treasury realised that this type of situation happens more often than was previously realised, and the 2008 Taxation Laws Amendment Act introduced a new Section 23(m) (iiA) into the Income Tax Act to specifically address issues such as this. This section provides for a deduction in the event of a taxpayer being required to refund an amount previously paid, to which it is subsequently determined that such taxpayer was never entitled to.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/montb/2008/275/EJC78507
2008-12-01
2017-12-15

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