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An investigation of the understanding and application of the principles of the Brummeria Renaissance case
Dissertation (MCom (Taxation))--University of Pretoria, 2009.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2013
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| _version_ | 1867613590242983936 |
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| access_status_str | Open Access |
| author2 | Meiring, G. (Gert) |
| author_browse | Meiring, G. (Gert) |
| author_facet | Meiring, G. (Gert) |
| collection | Thesis |
| dc_rights_str_mv | © 2009, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom (Taxation))--University of Pretoria, 2009. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/30743 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:38:33.924Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/30743 An investigation of the understanding and application of the principles of the Brummeria Renaissance case Meiring, G. (Gert) abraham.clare@gmail.com Abraham, Clare Rhian UCTD South African Revenue Service (SARS) Brummeria Renaissance (Pty) Ltd Taxation Interest-free loans South Africa (SA) Dissertation (MCom (Taxation))--University of Pretoria, 2009. A recent ruling by the Supreme Court of Appeal in the case of Commissioner for the South African Revenue Services v Brummeria Renaissance (Pty) Ltd and others, held that the right of use of interest-free loans is a taxable benefit and must be included in gross income in the hands of the recipient. This case is the first case of its kind and has caused much confusion and concern among tax professionals. The purpose of this study is to determine whether audit firms in the Pretoria area are aware of the court case and also to determine whether the principles arising from the case are correctly understood and applied by the audit firms in practice. Should the audit firms not be aware of the Brummeria Renaissance case, or should the principles arising from the case not be clearly understood, the tax clients of the audit firms may be detrimentally influenced as a potential tax risk may not be recognised or, if recognised, may be incorrectly treated for tax purposes. The research was conducted by first obtaining and studying the court transcript of the Brummeria Renaissance case and identifying the principles arising from this case and the implications thereof. A literature study was conducted in order to determine the views and concerns of tax professionals with regards to the court ruling in this case. A questionnaire survey was conducted on a sample of small, medium and large audit firms in the Pretoria area. The sample was selected by making use of specifically stratified systematic sampling. The population was stratified into small, medium and large audit firms and five firms were selected from each sub-population. From the literature study conducted it is clear that the facts of the Brummeria Renaissance case are very specific and the principles arising from the ruling will only be applicable in the future, in cases where one form of goods or services is exchanged for another. An analysis of the results of the questionnaire survey indicates that a lack of knowledge does exist among audit firms in the Pretoria area. Although, the audit firms that are in fact aware of the case appear to understand and correctly apply the principles of the case in practice. Copyright Taxation Restricted Economic and Management Sciences 2013-09-09T07:28:02Z 2010-04-09 2013-09-09T07:28:02Z 2009-09-01 2009-04 2010-04-09 Dissertation Abraham, CR 2009, An investigation of the understanding and application of the principles of the Brummeria Renaissance case, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-04092010-133326/ > F10/191/gm http://hdl.handle.net/2263/30743 http://upetd.up.ac.za/thesis/available/etd-04092010-133326/ en © 2009, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD South African Revenue Service (SARS) Brummeria Renaissance (Pty) Ltd Taxation Interest-free loans South Africa (SA) An investigation of the understanding and application of the principles of the Brummeria Renaissance case |
| title | An investigation of the understanding and application of the principles of the Brummeria Renaissance case |
| title_full | An investigation of the understanding and application of the principles of the Brummeria Renaissance case |
| title_fullStr | An investigation of the understanding and application of the principles of the Brummeria Renaissance case |
| title_full_unstemmed | An investigation of the understanding and application of the principles of the Brummeria Renaissance case |
| title_short | An investigation of the understanding and application of the principles of the Brummeria Renaissance case |
| title_sort | investigation of the understanding and application of the principles of the brummeria renaissance case |
| topic | UCTD South African Revenue Service (SARS) Brummeria Renaissance (Pty) Ltd Taxation Interest-free loans South Africa (SA) |
| url | http://hdl.handle.net/2263/30743 http://upetd.up.ac.za/thesis/available/etd-04092010-133326/ |