Smarty Pants (Pty) Ltd is a resident of the Republic of South Africa and earned the following income during the current year of assessment: Income from services rendered in Brazil = R200 000 Income from services rendered in South Africa = R300 000. On which amounts will Smarty Pants (Pty) Ltd be taxed?

Question

Accepted Answer

Smarty Pants (Pty) Ltd will be taxed on all the income earned due to being taxed on the residence basis. Therefore, on R500 000.

Answer

Smarty Pants (Pty) Ltd will be taxed on all the income earned in South Africa (R300 000) due to being taxed on the residence basis.

Answer

Smarty Pants (Pty) Ltd will be taxed on all the income earned in South Africa (R300 000) due to being taxed on the source basis.

Answer

Smarty Pants (Pty) Ltd will only be taxed on the income earned in Brazil (R200 000) due to being taxed on the residence basis.

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Smarty Pants (Pty) Ltd is a resident of the Republic of South Africa and earned ...

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