Do share-based payments constitute expenditure, for tax purposes, in order to facilitate a deduction?

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dc.contributor.authorBortz, Jeremyen_ZA
dc.date.accessioned2014-07-30T18:10:40Z
dc.date.available2014-07-30T18:10:40Z
dc.date.issued2014-07-30
dc.description.abstractThe uncertainty surrounding whether a share-based payment constitutes expenditure, is, to a large extent, unresolved. This issue is significant because a company may only claim a (general) deduction in terms of section 11(a) of the Income Tax Act No. 58 of 1962, as amended (The Income Tax Act) if they have incurred "expenditure". [...] The issue has been brought to the fore with the 2004 introduction, by the International Accounting Standards Board, of a new accounting standard on share-based payments, International Financial Reporting Standard 2 Share-based Payment (IFRS 2). [...] This paper will initially discuss the financial implications of this new accounting standard. Before discussing the tax implications, it will provide a brief background to the requirements of IFRS 2. Whether a share-base payment constitutes "expenditure" for tax purposes will be determined by interpreting any applicable case law, both local and international, and by analysing any relevant legislation. Finally, the international practices of both the UK and Australia will be briefly discussed. (This paper will in no way no consider the valuation, for tax purposes, of such potential deduction).en_ZA
dc.identifier.apacitationBortz, J. (2014). <i>Do share-based payments constitute expenditure, for tax purposes, in order to facilitate a deduction?</i>. (Thesis). University of Cape Town ,Faculty of Law ,Department of Commercial Law. Retrieved from http://hdl.handle.net/11427/4576en_ZA
dc.identifier.chicagocitationBortz, Jeremy. <i>"Do share-based payments constitute expenditure, for tax purposes, in order to facilitate a deduction?."</i> Thesis., University of Cape Town ,Faculty of Law ,Department of Commercial Law, 2014. http://hdl.handle.net/11427/4576en_ZA
dc.identifier.citationBortz, J. 2014-07-30. Do share-based payments constitute expenditure, for tax purposes, in order to facilitate a deduction?. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Bortz, Jeremy AB - The uncertainty surrounding whether a share-based payment constitutes expenditure, is, to a large extent, unresolved. This issue is significant because a company may only claim a (general) deduction in terms of section 11(a) of the Income Tax Act No. 58 of 1962, as amended (The Income Tax Act) if they have incurred "expenditure". [...] The issue has been brought to the fore with the 2004 introduction, by the International Accounting Standards Board, of a new accounting standard on share-based payments, International Financial Reporting Standard 2 Share-based Payment (IFRS 2). [...] This paper will initially discuss the financial implications of this new accounting standard. Before discussing the tax implications, it will provide a brief background to the requirements of IFRS 2. Whether a share-base payment constitutes "expenditure" for tax purposes will be determined by interpreting any applicable case law, both local and international, and by analysing any relevant legislation. Finally, the international practices of both the UK and Australia will be briefly discussed. (This paper will in no way no consider the valuation, for tax purposes, of such potential deduction). DA - 2014-07-30 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - Do share-based payments constitute expenditure, for tax purposes, in order to facilitate a deduction? TI - Do share-based payments constitute expenditure, for tax purposes, in order to facilitate a deduction? UR - http://hdl.handle.net/11427/4576 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/4576
dc.identifier.vancouvercitationBortz J. Do share-based payments constitute expenditure, for tax purposes, in order to facilitate a deduction?. [Thesis]. University of Cape Town ,Faculty of Law ,Department of Commercial Law, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/4576en_ZA
dc.language.isoesen_ZA
dc.publisher.departmentDepartment of Commercial Lawen_ZA
dc.publisher.facultyFaculty of Lawen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.titleDo share-based payments constitute expenditure, for tax purposes, in order to facilitate a deduction?en_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameLLMen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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