DTVDH

Should you pay tax on refundable deposits?

The South African Revenue Service recently published a new Interpretation Note relating to the taxation of deposits. In the ordinary course of business, taxpayers may receive money in advance in the form of deposits related to goods or services to be delivered or rendered at a future date. Having regard to the definition of “gross income”, […]

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies
X