by Simone | Nov 3, 2021 | Tax
Tags: Assessed loss, Income tax, Tax Reading Time: 4 minutes Company assessed losses are regulated by Section 20 of the Income Tax Act and state that a company can carry forward assessed losses should the entity continue to trade. If the assessed losses brought...
by Simone | Nov 25, 2016 | SARS
Tags: Assessed loss, SARS, Tax year Reading Time: 4 minutes Under normal circumstances SARS will allow a taxpayer to carry forward the previous tax year’s assessed loss and set it off against the current tax year’s taxable income. However, there are certain...