OrbitaxSouth Africa Publishes Updated Interpretation Note on Rebate and Deduction for Foreign Taxes on Income
|Approved Changes|South Africa
The South African Revenue Service (SARS) has published the fourth issue of Interpretation Note No. 18 on Rebate and Deduction for Foreign Taxes on Income, which is dated 24 June 2020.
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Purpose
This Note explains the scope, interpretation and application of section 6quat which provides for a rebate or deduction for foreign taxes on income.
Section 6quin previously provided for a rebate …
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