Tax treatment of doubtful debts to be clarified through statutory amendments

Tax treatment of doubtful debts to be clarified through statutory amendments
In 2015 various discretionary powers granted to the South African Revenue Services (SARS) commissioner in the context of the assessment provisions contained in the Income Tax Act (58/1962) were removed in order to formalise South Africa’s move towards …
Tax treatment of doubtful debts to be clarified through statutory amendments