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Ngwenya (Pty) Ltd had the following bad debts as at 28 February 2025: -Bad de...
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Ngwenya (Pty) Ltd had the following bad debts as at 28 February 2025:
-Bad debts - relating to trade debtors - Namibian located customers = R70 000
-Bad debts - relating to trade debtors - South African located customers = R156 000
-Bad debts - relating to loans made to former employees = R19 800 (including interest charged on the loans of R2 200)
Calculate the amount that Ngwenya (Pty) Ltd can deduct for tax purposes with regards to the bad debts it has incurred during the year of assessment ending on 28 February 2025.0%
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