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Call for comments: Draft IN on Additional Investment and Training Allowances

19 September 2014   (0 Comments)
Posted by: Author: SARS
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Author: SARS

Section 12I provides for the deduction of additional investment and training allowances from the income of a company carrying on an "industrial project" which qualifies as an "industrial policy project".
 
This draft Note provides guidance on the interpretation and application of section 12I.

The SAIT will be making submissions to SARS on this matter.  Kindly submit comments to taxassist@thesait.org.za by no later than 7 November 2014.

Please click here to view.


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