Sat, Jun 22, 2024

The official Financial Regulation Journal of SAIFM

Interest not always deductible? SARS issues interesting ruling

By Louis Botha

In the income tax context, one of the issues that has been considered by our courts on a number of occasions, is the issue of deductibility of interest. On 5 November 2021, the South African Revenue Service (SARS) issued Binding Private Ruling 369 (Ruling), which deals with the deductibility of interest pursuant to the liquidation of a company. We briefly discuss the Ruling in today’s alert.


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