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n Business Tax and Company Law Quarterly - Related-party transactions - there be dragons!

Volume 1, Issue 1
  • ISSN : 2219-1585

Abstract

A significant number of transactions takes place daily between related parties. Both the Income Tax Act and the Value-Added Tax Act contain specific anti-avoidance provisions that seek to prevent related parties from deriving any perceived tax benefit from this relationship. Unfortunately, many of these provisions are also a trap for the unwary in that they may apply regardless of whether the affected transaction was entered into with a tax avoidance purpose. This article seeks to highlight the most widely applicable related-party provisions so as to help taxpayers avoid any unintended tax outcome.

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/content/btclq/1/1/EJC174681
2010-03-01
2019-08-26

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