Interpretation Notes (Recent Developments in Corporate Taxation).

Extract


Interpretation Notes (Recent Developments in Corporate Taxation).

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Limitations of deductions for employees and office holders (Interpretation Note 13)

This interpretation note was issued on 15 March 2011. Its purpose is to clarify the deductions that may be claimed by employees and office holders.

Section 23(m) of the Act prohibits the deduction of certain expenses incurred by employees...

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