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Thread: Tax exemption status of funds received under BBEEE Enterprise Development Pillar

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    Tax exemption status of funds received under BBEEE Enterprise Development Pillar

    Morning
    Does anyone know how to treat this for tax purposes, and also under what tax section this applies. My client received funds under BBEEE Enterprise Development (R1,1 million). Is this income exempt and under what section of the act?

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    Excuse my ignorance, but from whom is the money?

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    Hi there. The money is from a bigger entity that is in the same space (both entities are in the technology space). By giving the smaller entity the R1,1 million, they stand to gain in terms of BBEEE Enterprise Development Points

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