Taxpayers have scored a victory over the South African Revenue Service (Sars). A Supreme Court of Appeal decision has put millions of rands back into businesses.
In a judgment that has important implications for franchise businesses and others that pay for the continual use of trademarks and other intellectual property, the Supreme Court of Appeal has held that royalty payments are tax-deductible in terms of the Income Tax Act.
Read more at Moneyweb.co.za
Showing posts with label Income Tax. Show all posts
Showing posts with label Income Tax. Show all posts
Thursday, March 15, 2007
Friday, March 9, 2007
Deadline for tax returns moves
Income tax returns for 2007 will be issued later than usual this year, the SA Revenue Service (SARS) said on Friday.
"Taxpayers are encouraged to record accurate odometer readings if they are in receipt of a motor vehicle allowance and to retain such information for the submission of their returns later this year," SARS said in a statement.
Read at FIN24.co.za
"Taxpayers are encouraged to record accurate odometer readings if they are in receipt of a motor vehicle allowance and to retain such information for the submission of their returns later this year," SARS said in a statement.
Read at FIN24.co.za
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