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Tax News Round-up Oct 2011

  1. Budget 2012 tabled on 7 October 2011
  2. IRB updates Public Ruling on Investment Holding Company - by  additional explanations to paragraph 10: Capital Allowance/ Industrial Building Allowance (IBA) and the eligibility to claim against rental income.
  3. Tax Case: Incentive trips paid to taxpayer's dealers who achieve their sales target were incurred in the production of gross income.
  4. Double Taxation Relief (The Government of the Republic of South Africa) (Amendment) Order 2011
  5. Income tax exemption to taxpayers who obtains its green building index certificate
  6. Deadline to submit April 2011 tax return form C and R is 30 November 2011.

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