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South Africa Issues Update Interpretation Notes on Deductions in Respect of Commercial Buildings, Lease Premiums, and Leasehold Improvements

|Approved Changes|South Africa
South Africa

On 16 August 2023, the South African Revenue Service (SARS) released updated interpretation notes concerning deductions in respect of commercial buildings, lease premiums, and leasehold improvements under relevant sections of the Income Tax Act 58 of 1962. The interpretation notes and the conclusions of each are as follows:

Interpretation Note 107 (Issue 2) - Deduction in respect of commerci…

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