Some Drastic Measures to Close a Loophole: The Case of Pienaar Brothers (PTY) LTD v Commissioner for the South African Revenue Service (87760/2014) [2017] ZAGPPHC 231 (29 May 2017) and the Targeted Retroactive Amendment of Section 44 of the Income Tax Act 58 of 1962

Some Drastic Measures to Close a Loophole: The Case of Pienaar Brothers (PTY) LTD v Commissioner for the South African Revenue Service (87760/2014) [2017] ZAGPPHC 231 (29 May 2017) and the Targeted Retroactive Amendment of Section 44 of the Income Tax Act 58 of 1962

A taxpayer has the right to arrange his tax affairs within the constraints of the law to his best advantage to pay the least amount of tax. Coupled with this right is the taxpayer's right to certainty, which entails that the time of payment of taxes, the manner of payment, and the amount of...

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Bibliographic Details
Main Authors: Liezel Tredoux, SP van Zyl
Format: Article
Language:Afrikaans
Published: North-West University 2018-06-01
Series:Potchefstroom Electronic Law Journal
Subjects:
Retroactive amendments; secondary taxes on companies; rollover relief; tax avoidance; share premium; share capital; contributed tax capital.
Online Access:https://journals.assaf.org.za/per/article/view/3371/6911

Internet

https://journals.assaf.org.za/per/article/view/3371/6911

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