OrbitaxSouth African Revenue Services Publishes Updated Guidance on Capital Gains Tax for Individual and Companies
|Approved Changes|South Africa
The South African Revenue Service (SARS) has published updated guidance dated 1 July 2021 relating to capital gains tax:
- ABC of Capital Gains Tax for Individuals (Issue 12), and
- ABC of Capital Gains Tax for Companies (Issue 10).
With respect to companies, the guidance covers:
- Core provisions of capital gains tax;
- Determining a capital gain or capital loss;
- Base cost of assets acquired bef…
