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South Africa

Lights, camera, action! Tax exemption for films
Cliffe Dekker Hofmeyr
  • South Africa
  • 26 October 2017

Section 12O of the Income Tax Act provides an incentive to stimulate the domestic production of films in the form of an exemption from normal tax for income derived from the exploitation rights of a film. The South African Revenue Service recently issued guidance reflecting its interpretation of this provision.


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