SARS ruling on tax on taking over contingent liabilities in sale of business – Read this article on Polity

SARS ruling on tax on taking over contingent liabilities in sale of business

The South African Revenue Service (SARS) has sought to provide guidance on a difficult tax issue: the assumption (taking over) of contingent liabilities on the acquisition of a business as a going concern. In this regard SARS has issued Interpretation Note 94 dated 19 December 2016 (IN). The matter …

http://www.polity.org.za/article/sars-ruling-on-tax-on-taking-over-contingent-liabilities-in-sale-of-business-2017-01-23

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