Tax implications of a credit agreement.

Abstract

The aim of this dissertation is to provide a detailed analysis of, and commentary on, the tax implications of

a credit agreement, based on current legislation, case law and practice as applied by the Commissioner.

The South African Acts that are the subject of this dissertation are as follows:

• The Income Tax Act 58 of 1962 (as amended).

• The Value-Added Tax Act 89 of 1991 (as amended).

The principal South African taxes dealt with in this dissertation are as follows:

• Normal tax.

• Value-added tax.