Company A will Reach R1 mil within 12 months so the owner registers Company B and splits the income 50/50. Is this tax avoidance?
Which articles in the act support this I think there was a court case about this?
Company A will Reach R1 mil within 12 months so the owner registers Company B and splits the income 50/50. Is this tax avoidance?
Which articles in the act support this I think there was a court case about this?
I'm sure you mean tax evasion (illegal) and not tax avoidance (usually legal).
Anyway, I think that applies more to Income Tax than to VAT.
If the scheme operates at arms length then I doubt that there is any problem.
But I may be wrong.
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