Author McCarthy
Edition Lexis Nexis


A comprehensive guide to income tax policy, practice and procedure, based on SARS practice.

The Income Tax Practice Manual is the only guide to the interpretation of the Income Tax Act based on SARS practice. It also includes commentary on current National Treasury tax policy. The Manual now offers a complete guide on income tax legislation, policy and practice, comprising the following: Notes on the explanatory memoranda to the amendment Bills which offer insight into the extensive annual tax amendments; notes on interpretation notes and rulings which provide insight into the prevailing SARS practice and the Commissioner’s interpretation of the Income Tax Act; and the text of relevant interpretation notes, rulings and guides which set out the SARS interpretation of the Income Tax Act. Updated on a regular basis to keep current with changes in legislation, policy and practice.