Inkomstebelastinghantering van korting ontvang in die hande van 'n nie-handeldrywende persoon

Simple item page
dc.contributor.authorBrink, Sophia M.en_ZA
dc.date.accessioned2018-07-18T08:42:30Z
dc.date.available2018-07-18T08:42:30Z
dc.date.issued2014-04
dc.descriptionCITATION: Brink, S. M. 2014. Inkomstebelasting-hantering van korting ontvang in die hande van ʼn nie-handeldrywende natuurlike persoon, Journal of Economic & Financial Sciences, 7(1):215-232.
dc.descriptionThe original publication is available at https://jefjournal.org.za
dc.description.abstractFor income tax purposes, a taxpayer operating a business will account for discount received differently from a taxpayer not operating a business. When a taxpayer operating a business obtains goods or services at a discount, the taxpayer can claim a section 11(a) deduction at the value of the goods or services, net of the discount received. The discount reduces the value of the net reduction of taxable income and the taxpayer is effectively taxed on the discount received. A taxpayer who is not operating a business will not qualify for a section 11(a) deduction (read together with section 23(g)) for goods or services obtained (it does not meet the requirements ‘for the purposes of trade’ and ‘in the production of income’). Discount received in the hands of a non-trading person (often a natural person) is currently not subject to normal South African income tax. The main objective of this article is to investigate whether the existing provisions in the Income Tax Act No. 58 of 1962 and related case law provide a basis for taxing discount received in the hands of the non-trading individual. In order to meet this objective, local literature was analysed to determine the correct income tax treatment and it was found that discount received by a non-trading person meets all the requirements of the ‘gross income’ definition and consequently should be taxable.en_ZA
dc.description.urihttp://hdl.handle.net.ez.sun.ac.za/10520/EJC154323en_ZA
dc.description.versionPublisher's versionen_ZA
dc.format.extent18 pages
dc.identifier.citationBrink, S. M. 2014. Inkomstebelasting-hantering van korting ontvang in die hande van ʼn nie-handeldrywende natuurlike persoon, Journal of Economic & Financial Sciences, 7(1):215-232..en_ZA
dc.identifier.urihttp://hdl.handle.net/10019.1/104159
dc.language.isoaf
dc.publisherAOSISen_ZA
dc.rights.holderAuthor retains copyright
dc.subjectCash rebatesen_ZA
dc.subjectDiscounten_ZA
dc.subjectSouth Africa -- Income Tax Act 58 of 1962en_ZA
dc.subjectGross incomeen_ZA
dc.titleInkomstebelastinghantering van korting ontvang in die hande van 'n nie-handeldrywende persoonaf_ZA
dc.typeArticleen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
brink_inkomstebelasting_2014.pdf
Size:
199.94 KB
Format:
Adobe Portable Document Format
Description:
Download article
Download
Collections
Research Articles (School of Accountancy)