Page 63 - P6 Slide Taxation - Lecture Day 4
P. 63

LEARNING OUTCOMES:





     - What are exchange differences?


     - To whom will it apply?



     - How and when are exchange differences calculated? [Method & timing?]



     - What is the effect of exchange differences on a TP’s ‘income’ as defined?


     - How are the general provisions of s 24I applied in a tax calculation?


     - How are exchange difference treated when an asset is purchased?



     - How are exchange differences treated in transactions with connected

        persons?


     - What are hedging items and affected contracts?



     - How is s 25D applied to underlying items?
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