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1	Tax implications for business rescues in South African Law Du Toit, Leo 24 July 2013 (has links) The South African Revenue Service has in the past had difficulty in applying debt forgiveness in cases of corporate and business rescues. Taxation legislation was drafted to counter innovative section 311 schemes of arrangements where the sole purpose was to obtain maximum taxations benefits in relation to entities in financial difficulties. This approach was only concerned with the interests of the Revenue authorities. The central theme of this study focuses of the procedures now available to tax authorities and debtors alike when compromises were and are considered in South Africa in terms of income tax and company legislation. The South Africa Revenue Service’s approach the corporate rehabilitation is examined which is vital for investors, creditors and debtors alike. A comparative study with similar procedures in England is undertaken to establish how valid the procedures are in establishing a viable corporate rescue environment in South Africa in the future. / Dissertation (LLM)--University of Pretoria, 2012. / Procedural Law / unrestricted Corporate rescue Corporations Tax Act Income Tax Act Judicial management Scheme of arrangement Section 311 schemes of arrangement Section 91a settlements South African Revenue Service (SARS) The Crown Tax Administration Act Value added tax (VAT) Compromise Company voluntary arrangement Capital gains tax Business rescue Alternative dispute resolution Administration UCTD

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Tax implications for business rescues in South African Law