A critical analysis of the development of tax avoidance in South Africa

• Main Author: Masehela, Kgabo
• Format: Others
• Language: en
• Published: 2018
• Subjects: Tax evasion > South Africa.; Income tax > Law and legislation > South Africa.; Tax avoidance; Planning; Lack of commercial substance; Impermissible tax avoidance arrangements; Substance versus form; Misuse and abuse; Reportable arrangements
• Online Access: https://hdl.handle.net/10539/24247

A research report submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, Johannesburg, in partial fulfilment of the requirements for the degree of Master of Commerce (specialising in Taxation) === Tax avoidance is the legal utilisation of the tax regime to one's own advantage, to reduce the amount of tax that is payable by means that are within the law. Tax evasion entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities in order to reduce their tax liability, and includes, in particular, dishonest tax reporting (such as declaring less income, profits or gains than actually earned; or overstating the deductions). The revised general anti-avoidance measures were introduced in the Income Tax Act 58 of 1962 ('the Act') on 2 November 2006 in the form of section 80A to 80L, in order to replace the complicated and confusing as well as ineffective anti-avoidance measures contained in section 103(1). === AC 2018