Example 2.1 Notes Flashcards
1
Q
Physical Presence test
A
Requirement 1: 91 days aggregate in current year.
AND
Requirement 2: 91 days aggregate in each of the five preceding years.
AND
Requirement 3: 915 days in total for five preceding years.
2
Q
Residency for juristic person
A
- incorporated
- formed/established
- Place of effective management.
3
Q
Answering these types of questions
A
- Amount needs to meet definition of gross income.
- List the elements of the definition.
- Residents get taxed on local/international income. Non-residents only get taxed on local income.
- 1 is the source SA
- 2 is the person SA resident.