The South African Revenue Services (SARS) has launched a public consultation on the Draft Interpretation Note – Sale and Leaseback Arrangements and Related Simulated Transactions. The deadline for comments is 31 March 2022.
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Explanatory Note
This Note provides guidance on the application of sections 23D and 23G to certain sale and leaseback arrangements. The Note does not address sale and leaseback arrangements in general and takes into account simulated transactions where loan agreem…