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Multinational enterprises (MNEs), which are generally regarded as connected parties and/or associated enterprise located in different jurisdictions. Section 31 of the Income Tax Act requires that MNE's must transact with each other at arm's length prices when transferring goods or services.
There are several different capital allowances allowed by the South African Revenue Service (SARS) with regards to buildings, this article focuses on 2 of these capital allowances:
Following the 2023 National Budget on 21 February 2023, draft legislation was published on 28 July 2023 where it was proposed by National Treasury (NT) that all foreign employers would be required to register for Employees Tax (PAYE) and make the necessary payments to the South African Revenue Service (SARS) in respect of remuneration paid to any employees located in South Africa (SA).
