Results 1 to 3 of 3

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

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Junior Member
    Join Date
    May 2013
    Location
    Johannesburg
    Posts
    14
    Thanks
    1
    Thanked 0 Times in 0 Posts

    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?

  2. #2
    Gold Member
    Join Date
    Feb 2016
    Location
    Johannesburg
    Posts
    713
    Thanks
    74
    Thanked 199 Times in 178 Posts
    Excuse my ignorance, but from whom is the money?

  3. #3
    Junior Member
    Join Date
    May 2013
    Location
    Johannesburg
    Posts
    14
    Thanks
    1
    Thanked 0 Times in 0 Posts
    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

Similar Threads

  1. [Question] Utilising the s10(1)(o)(ii) exemption
    By MrsH in forum Tax Forum
    Replies: 6
    Last Post: 10-Oct-14, 01:52 AM
  2. VAT Exemption
    By QRS in forum Tax Forum
    Replies: 1
    Last Post: 04-May-12, 01:59 AM
  3. BEE Exemption Certificate
    By Vincent in forum BEE and Employment Equity Forum
    Replies: 17
    Last Post: 11-Aug-09, 03:54 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •