Showing 1 - 2 of 2
Realisation of expenses under the 'canon of certainty'
Business, Lawalliance Limited Company, Published on 27/12/2016
» More than two centuries ago, Adam Smith set out the rule that equity, certainty, convenience and economy are the top four canons for a good tax system. But since government authorities tend to care less about these principles and more about collecting taxes, it's no surprise that confusion persists when it comes to realisation of expenses.
Missing inventory and VAT refunds: finding the evidence
Business, Lawalliance Limited Company, Published on 28/06/2016
» In a tax audit, nothing should be asserted by the taxpayer without the ability to verify its accuracy. Such verification is often crucial to a taxpayer's success in withstanding the taxman's challenge.