Notes on South African Income Tax 2024
- The book contains detailed commentary and examples illustrating the existing and new tax law provisions. Our aim is to explain South African tax law in a simple and clear manner in order to save you time and help you understand both the existing and new tax law provisions easily. Many explanations have been reworked.
- The most notable tax law amendments for 2024 include changes to the following provisions:
- New rates, rebates, transfer duty and allowances
- Loans to trusts changes
- Non-resident beneficiaries of trusts
- Interest income & deductions – changes to provisions
- Solar energy – allowances and rebate
- Retirement funds changes
- Contributed tax capital
- Scientific or technological research and development
- International transfer pricing & APAs
- Multilateral instruments and double tax agreements
- Debt forgiveness rule changes
- Corporate rule changes
- Foreign dividends changes
- Foreign return of capital changes
- CFCs – case law
- Beneficial owners – Tax Administration Act
- New dispute resolution rules
- New relevant case law
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