SO, IS NWK THE NEW BUZZ IN THE WORLD OF TAX?

Wednesday, March 02, 2011
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This frenzy has also been heightened by SARS’ Media Release regarding the NWK case, and SARS’ statement that they are “aware that a number of other taxpayers have entered into simulated transactions, including compulsorily convertible loans similar to the one at issue in the NWK case, with the effect of artificially reducing their tax liabilities. Starting from 15 February 2011 SARS will commence audits of these taxpayers.

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