South Africa Tax Agency Issues Tax Exemption Guide for Recreational Clubs

The South African Revenue Service July 6 issued a tax exemption guide for recreational clubs. Topics covered include: 1) the preferential tax treatment of commissioner-approved recreational clubs; 2) the definition of recreational club, and types of clubs qualifying for approval; 3) the dissolution of recreational clubs; 4) anti-avoidance rules, if the recreational club enters into a tax-avoidance scheme; 5) the partial taxation of specific business activities of recreational clubs; 6) receipts and accruals exempt from income tax; 7) the calculation of tax exemptions; 8) other tax exemptions, including for donations, dividends, capital gains, and provisional tax; 9) non-exempt taxes, including …