Page 28 - Taxation F6 - The South African Tax System
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Exempt Income
• What is income?
• Gross income – Exempt income=income.(Silk
page 84).
• Exempt income is simply the gross income that is
not subject to normal tax.
• Why are exemptions granted:
a)Special character of the taxpayer.
b)Special nature of the income.
c)Prevent income from being taxed twice.
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