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The concept of company residency : an international comparative analysis
Dissertation (MCom (Taxation))--University of Pretoria, 2012.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2013
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| _version_ | 1867613554580914176 |
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| access_status_str | Open Access |
| author2 | ekruger@gt.co.za |
| author_browse | ekruger@gt.co.za |
| author_facet | ekruger@gt.co.za |
| collection | Thesis |
| dc_rights_str_mv | © 2012 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, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/31171 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:59.731Z |
| 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:2263/31171 The concept of company residency : an international comparative analysis ekruger@gt.co.za Du Preez, Hanneke Kruger, Thomas Fredrick UCTD Indië Australië Suid-afrika Maatskappy India Plek van effektiewe bestuur Belastinginwoner United kingdom Australia South africa Company Place of effective management Tax resident Verenigde koninkryk Dissertation (MCom (Taxation))--University of Pretoria, 2012. During 2001, South Africa adopted a “residence-based” income tax system. This became a very important concept in the Income Tax Act no 58 of 1962. South Africa adopted two tests for determining the tax residency of a legal person. According to the first test, a legal person is regarded as a tax resident if it is incorporated, established or formed in South Africa, and the second test investigates a legal person’s place of effective management. The place of effective management is currently presented in Interpretation Note 6 that was issued during 2002. According to Interpretation Note 6, “effective management” refers to regular day-to-day management by directors or senior managers of the entity, irrespective of where the overriding control is exercised or where the board of directors meets. Therefore, in South Africa, the place of effective management is focused on where the “second level of management” executes their operational duties. This study will compare the South African test of the place of effective management to that of Australia, the United Kingdom, India and the OECD model. The international trend regarding a company’s place of effective management is generally considered to be where the board of directors of the company or its executive directors make their decisions. Internationally, they are focusing more on the “first level of management” in order to recognise the place of effective management. During 2011, the South African revenue service issued a Discussion Paper on Interpretation Note 6 in which some proposals or revisions are mentioned regarding Interpretation Note 6, which will change the way that South Africa recognises the place of effective management. This will result in South Africa’s place of effective management being more closely aligned to that of the OECD model, Australia, the United Kingdom and India. AFRIKAANS : Gedurende 2001 het Suid Afrika ’n “inwoner gebaseerde” inkomstebelastingstelsel aangeneem. Dit het ’n baie belangrike konsep in die Inkomstebelastingwet no 58 van 1962 geword. Suid-Afrika het twee toetse om te bepaal of ’n regspersoon as ’n belastinginwoner kwalifiseer. Volgens die eerste toets word ’n regspersoon geag ’n inwoner te wees indien dit in Suid-Afrika geïnkorporeer, gestig of gevorm is, en die tweede toets ondersoek ’n regspersoon se plek van effektiewe bestuur. Die plek van effektiewe bestuur is tans vervat in Interpretasienota 6 wat gedurende 2002 uitgereik is. In terme van die algemene benadering van die Suid-Afrikaanse Inkomstediens Interpretasie Nota 6 verwys “effektiewe bestuur” na algemene daaglikse bedrywighede deur direkteure of senior bestuurders van die entiteit, ongeag waar die oorheersende beheer uitgevoer word of waar die direksie vergader. In Suid-Afrika is die fokus ten opsigte van plek van effektiewe bestuur gemik op waar die “tweede vlak van bestuur” uitgevoer word. Hierdie studie gaan die Suid-Afrikaanse toets ten opsigte van plek van effektiewe bestuur met dié van Australië, die Verenigde Koninkryk, Indië en die OECD-model vergelyk. Die internasionale neiging met betrekking tot ’n maatskappy se plek van effektiewe bestuur is waar die direksie of uitvoerende direkteure van die maatskappy besluite neem. Internasionaal word daar meer gefokus op die “eerste vlak van bestuur” ten einde die plek van effektiewe bestuur te erken. Gedurende 2011 het die Suid-Afrikaanse Inkomstediens ’n besprekingsdokument ten opsigte van Interpretasie Nota 6 uitgereik waarin daar sommige voorstelle of wysigings genoem word, wat die wyse sal verander waarop Suid-Afrika die plek van effektiewe bestuur sal erken. Hierdie veranderinge sal daartoe lei dat Suid-Afrika se plek van effektiewe bestuur nou meer in lyn is met dié van Australië, die Verenigde Koninkryk, Indië en die OECD-model. Taxation MCom (Taxation) restricted 2013-09-09T12:07:14Z 2013-08-28 2013-09-09T12:07:14Z 2013-04-18 2012-08-28 2013-08-15 Dissertation Kruger, TF 2012, The concept of company residency : an international comparative analysis, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-08152013-131652 / > F13/4/575/gm http://hdl.handle.net/2263/31171 http://upetd.up.ac.za/thesis/available/etd-08152013-131652/ en © 2012 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 Indië Australië Suid-afrika Maatskappy India Plek van effektiewe bestuur Belastinginwoner United kingdom Australia South africa Company Place of effective management Tax resident Verenigde koninkryk The concept of company residency : an international comparative analysis |
| title | The concept of company residency : an international comparative analysis |
| title_full | The concept of company residency : an international comparative analysis |
| title_fullStr | The concept of company residency : an international comparative analysis |
| title_full_unstemmed | The concept of company residency : an international comparative analysis |
| title_short | The concept of company residency : an international comparative analysis |
| title_sort | concept of company residency an international comparative analysis |
| topic | UCTD Indië Australië Suid-afrika Maatskappy India Plek van effektiewe bestuur Belastinginwoner United kingdom Australia South africa Company Place of effective management Tax resident Verenigde koninkryk |
| url | http://hdl.handle.net/2263/31171 http://upetd.up.ac.za/thesis/available/etd-08152013-131652/ |