2-Part Webinar: Interest deductions in respect of Cross-border Debt Funding
Section 23M has undergone significant changes in recent years since it was introduced into the Income Tax Act with effect from 1 January 2015.
The purpose of section 23M is to prevent base-erosion of the South African tax base caused by connected party borrowing by limiting
excessive interest deductions in respect of debts owed to persons not subject to tax (in the hands of the creditor) in South Africa.
During this webinar we unpack the provisions of section 23M in a practical manner.
3 hours CPD/CPE