ARTICLE · 25 MAY 2024

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ENS Tax In Brief - Issue 121

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Below, please find issue 121 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.

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Below, please find issue 121 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.

SARS publications

Draft Interpretation notes | published for comment
- Draft Interpretation Note | Income Tax Exemption: Water Services Provider
  - This Note provides guidance on the interpretation and application of the definition of “water services provider” in section 1(1) for purposes of the exemption of the receipts and accruals of a qualifying water services provider from normal tax under section 10(1)(t)(ix) of the Income Tax Act, 58 of 1962 (“ITA”).
  - Comments are due by 7 June 2024.
  - Find the draft interpretation note here.
Interpretation notes | published
- Interpretation Note 105 (Issue 2) | Deductions in respect of buildings used by hotel keepers
  - The interpretation note provides guidance on the interpretation and application of section 13bis of the ITA, which provides for an allowance on any buildings used in the

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