Income Tax Act, 1962 (Act No. 58 of 1962)

Department of Finance

Purchase

Date: 13 June 1994

1)	The following expenditure incurred by public companies is allowable as a deduction for income tax purposes:

1.1	Printing costs of annual reports.

1.2	Publishing of annual financial reports.

1.3	Johannesburg Stock Exchange—annual quotation fees.

1.4	Transfer secretary fees.

2)	However, where a public company is in receipt of both taxable income and exempt income, an equitable allocation of expenditure is to be made.