Page 2 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
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Introduction
• SA tax legislation does not allow for group
taxation. However, the South African Income Tax
legislation does allow for certain corporate re-
organizations to be done on a tax neutral basis.
• These tax neutral provisions are known as
corporate rules.
• Corporate rules allow founding shareholders
and/or group companies to restructure active
businesses on a tax neutral basis.
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