s6quat Flashcards
1
Q
6quat(1)
A
residents with foreign source income or capital gains (or income or capital gains attributed to them) that are subject to foreign taxes qualify for a rebate
2
Q
6quat(1A)
A
determination of the rebate
3
Q
6quat(2)
A
rebate may not be claimed to the extent relief granted under DTA
4
Q
6quat(3)
A
foreign taxes do not include payments for the right to extract oil
5
Q
6quat(4)
A
foreign taxes must be translated into ZAR at the average rate for the taxpayer’s year of assessment
6
Q
6quat(5)
A
adjustments for incorrect rebates in a prior year
7
Q
6quat(1B)
A
limit of the rebate
