TITLE

South Africa

AUTHOR(S)
Reid, Alan; Secular, Leslie
PUB. DATE
May 1983
SOURCE
Accountancy;May83, Vol. 94 Issue 1077, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the 1983 budget of South Africa does not affect the majority of taxpayers to any material extent. The new system of initial depreciation allowances will initially apply only to plant and machinery and/or buildings used in a manufacturing business, and will be at a rate of 55 percent for plant and machinery brought into use on or after July 1, 1985, and 20 percent for buildings brought into use on or after July 1, 1986.
ACCESSION #
5786270

 

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