Technical Newsletter of the Crowe Horwath International African firms.
Inside This Issue Download African Footprint Issue 25
|1. Is Mozambique the next oil and gas hub?|
|2. IFRS 15 - Do Hotel Operators have an obligation to perform?|
|3. Overhaul of the Kenya Income Tax Act (Part 2 of 2)|
|4. Emerging Trends in Accounting: Sustainability Reporting|
It is important to remember that interest and penalties paid to SARS are not deductible for income tax purposes. On the other hand, interest received from SARS is fully taxable (after deducting the current initial exemption of R23 800 per annum (R34 500 if you are 65 or older) for all local interest income earned by natural persons).