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The Tax Deductibility of Expenditure Incurred in Virtual Worlds: An Analysis of the Deductibility of Expenditure Incurred in Virtual Worlds from a South African Income Tax Perspective - Softcover
The rapid development of virtual worlds has made virtual currency and virtual property big business. Virtual currency from almost every game and social virtual world can be exchanged for real world currency. It is this type of exchanges from virtual currency to real world currency, generally at a profit, that caught the attention of tax authorities.The study concluded that where income from virtual worlds form part of a resident’s gross income, the expenditure incurred in generating this income, by means of a trading activity, qualify for a deduction in terms of the general deduction formula, contained in section 11(a) of the Income Tax Act of South Africa.
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Benjamin Franklin once said that in this world nothing is certain but death and taxes. This seems to be even truer today, as revenue authorities across the world investigate ways in which to tax income earned from virtual worlds.
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- PublisherLAP LAMBERT Academic Publishing
- Publication date2011
- ISBN 10 3846514942
- ISBN 13 9783846514948
- BindingPaperback
- Number of pages56
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The Tax Deductibility of Expenditure Incurred in Virtual Worlds: An Analysis of the Deductibility of Expenditure Incurred in Virtual Worlds from a South African Income Tax Perspective
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The Tax Deductibility of Expenditure Incurred in Virtual Worlds
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The Tax Deductibility of Expenditure Incurred in Virtual Worlds An Analysis of the Deductibility of Expenditure Incurred in Virtual Worlds from a South African Income Tax Perspective
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Book Description Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The rapid development of virtual worlds has made virtual currency and virtual property big business. Virtual currency from almost every game and social virtual world can be exchanged for real world currency. It is this type of exchanges from virtual currency to real world currency, generally at a profit, that caught the attention of tax authorities.The study concluded that where income from virtual worlds form part of a resident s gross income, the expenditure incurred in generating this income, by means of a trading activity, qualify for a deduction in terms of the general deduction formula, contained in section 11(a) of the Income Tax Act of South Africa. 56 pp. Englisch. Seller Inventory # 9783846514948
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The Tax Deductibility of Expenditure Incurred in Virtual Worlds : An Analysis of the Deductibility of Expenditure Incurred in Virtual Worlds from a South African Income Tax Perspective
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Book Description Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - The rapid development of virtual worlds has made virtual currency and virtual property big business. Virtual currency from almost every game and social virtual world can be exchanged for real world currency. It is this type of exchanges from virtual currency to real world currency, generally at a profit, that caught the attention of tax authorities.The study concluded that where income from virtual worlds form part of a resident s gross income, the expenditure incurred in generating this income, by means of a trading activity, qualify for a deduction in terms of the general deduction formula, contained in section 11(a) of the Income Tax Act of South Africa. Seller Inventory # 9783846514948
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The Tax Deductibility of Expenditure Incurred in Virtual Worlds An Analysis of the Deductibility of Expenditure Incurred in Virtual Worlds from a South African Income Tax Perspective
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The Tax Deductibility of Expenditure Incurred in Virtual Worlds
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Book Description Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Rudolph JohanBenjamin Franklin once said that in this world nothing is certain but death and taxes. This seems to be even truer today, as revenue authorities across the world investigate ways in which to tax income earned from virtua. Seller Inventory # 5495940
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