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DEDUCTIONS - Coggle Diagram
DEDUCTIONS
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ALLOWED DEDUCTIONS
- Salaries and Restraint of trade Pmts being refunded to ER in terms of s11(nA) & s11(nB).
- Repairs of dwelling or private house used partly for business
- Wear and Tear allowance on personal assets used for work
- Provision for doubtful debts
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- Legal expenses relating to employment
- Contributions to retirement funds (pension, provident...)
DONATIONS
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If donation exceeds 10% of TI, carry over the excess
s23m Not Applicable
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e.g. Telephone expenditures relating to employment,
50% of remuneration is commission based on sales or turnover
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