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IN 78 - Allowance for future expenditure on contracts

29 July 2014   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS has released Interpretation Note 78, which provides guidance on the interpretation and application of section 24C when income is received in advance while the expenditure under the contract will only be incurred in a subsequent year of assessment. 

Please click here to access the Interpretation Note.


 

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