The General Anti Avoidance Provisions, as amended
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2014
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University of Cape Town
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Abstract
The basis of any well-functioning economy rests on the effectiveness of the taxation system in place. One of the biggest threats to this is those taxpayers who seek to cheat the system and pay lower taxes than that actually due by them. The General Anti Avoidance rules (GAAR) have been put in place in South Africa as a means to combat impermissible avoidance arrangements and collect what is actually due to the South African Revenue Service (SARS). The crux of GAAR thus rests on the fact that the taxpayer has engaged in an avoidance arrangement, where the sole or the main purpose was to obtain a tax benefit thus rendering the arrangement an impermissible avoidance arrangement.
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Includes bibliographical references.
Reference:
Mvuyana, N. 2014. The General Anti Avoidance Provisions, as amended. University of Cape Town.