South Africa: Deferred tax at 27% or 28%?

South Africa: Deferred tax at 27% or 28%?

by | Apr 25, 2022 | Tax

The South African National Treasury announced on 23 February 2022 that the corporate tax rate is reduced from 28% to 27% for years of assessment that end on or after 31 March 2023. One of the accounting questions that stem from this announcement is how companies...
Deferred tax assets for tax losses

Deferred tax assets for tax losses

by | Oct 18, 2020 | Assets, Tax

Entities may find themselves in a position where they had tax losses due to the weak economic conditions, even before the COVID-19 pandemic. In many instances the effect of the lockdown and resulting regulations have exacerbated this. In addition, some normally...