Synopsis Tax today - January 2019
A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally.
Through analysis of and comment on new laws and judicial decisions of interest, Synopsis helps executives to identify developments and trends in tax law and revenue practice that may affect their business.
In this edition:
A judgment in the Tax Court in the Western Cape had given the impression that a taxpayer’s right to claim an allowance for future expenditure did not necessarily have to relate to income actually received in terms of that contract. The Supreme Court of Appeal has made it clear that there must be a direct contractual link between the income received and the future expenditure in respect of which an allowance is claimed.