Browsing by Subject "Debt forgiveness"
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The corporate debt reduction tax rules as an added impediment to companies in financial distress
(North-West University (South Africa) , Potchefstroom Campus, 2016)Prior to 1 January 2013, the provisions of the Income Tax Act 58 of 1962 (hereinafter referred to as the Act), which dealt with the consequences of a waiver of a debt for less than full consideration, were predominantly ...