The State would have to pay tax to The State on the fringe benefit that it created for the President as an employee of The State.— Bruce Whitfield, The Money Show
What are the tax complications of the Nkandla bill?
The Money Show’s Bruce Whitfield interviewed Patricia Williams (Partner in the Tax Practice at Bowman Gilfillan Africa) to find out.
Scroll down for quotes from the audio below.
You’re supposed to pay Donations Tax on any donations.— Patricia Williams, Bowman Gilfillan Africa
Sars argued in the case of Julius Malema that politicians who receive donations should pay income tax.— Patricia Williams, Bowman Gilfillan Africa
There is a possibility of double taxation.— Patricia Williams, Bowman Gilfillan Africa
The amount our president pays back is not for a fringe benefit.— Patricia Williams, Bowman Gilfillan Africa
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