Tax treatment of leasing agreements : South Africa

Journal
South Africa
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2007 (Volume 9), No. 6
Part of a comparative survey, this article considers the tax treatment of leasing agreements in South Africa. Topics covered include the deductibility of payments, applicability of income tax treaties, a landmark court case on sale and lease-back transactions in the context of anti-avoidance provisions, and VAT treatment.