Page 34 - ADVANCED TAXATION - Day 1 Slides
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                             In The Course Or Furtherance Of An Enterprise
                     4




                                                    Definition of an enterprise                               Not
                                                                                                             once-
                       •    any enterprise/activity                                                            off

                       •    carried on continuously or regularly (ongoing

                            activity)

                       •    in SA or partly in SA                                                          In money/

                       •    by any person                                                                  otherwise

                       •    in the course /furtherance of which

                       •    goods or services are supplied for a consideration,

                            •    Deposit – only consideration if applied/forfeited
                            •    Donation to any association not for gain is specifically

                                 excl. from the def of ‘consideration’

                       •    whether for profit or not.
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