Page 71 - P6 Slide Taxation - Lecture Day 4
P. 71

• Local currency


             Person?                                                                              Yoa commencing


             TP?                                                                                             on/after

                                                                                                     1 January 2011


          a) a person iro an exchange item                                                   The functional


              attributable to a PE establishment                                             currency of the PE.


              outside the Republic (inflation?)


          b) any resident iro an exchange item  The currency of the


               which is not attributable to a                                                Republic (Rand).

               permanent establishment outside


               the Republic.



          c) any non-resident iro an exchange The currency of the


              item which is attributable to a PE in Republic (Rand).

              the Republic.
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