Navigating the Updated Assessed Losses Landscape in South Africa
Navigating tax regulations is a crucial part of any business’s financial planning. Recent changes to South Africa’s assessed losses tax limitations and corporate income tax rates make it even more critical to stay informed, up-to-date, and compliant. Adapting to sudden or unexpected tax updates is often a challenging process, as navigating the world of taxes […]
Balancing your business’s losses and taxes
In line with the 2020 Budget Announcement, Government proposes to broaden the corporate income tax base by restricting the offset of the balance of assessed losses carried forward to 80% of taxable income. The proposal extends to the balance of assessed losses at the time of implementation, i.e. it is not only the accumulation of […]