Page 101 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Income from Employment

Deductions For Individuals

• Employment is included in the definition of trade however

the deductions for an individual whose income is limited

to employment is limited in terms of section 23m.

• Only the following expenditure can be deducted by an

individual:

• Contributions to the PF or RAF.

• Legal expenses, wear and tear bad debts and doubtful

debts

• Deductions connected to the dwelling as allowed under

section 23 (b)

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