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Telson (Pty) Ltd received income from a foreign source amounting to R 220 000. This amount was subject to foreign tax amounting to R 13
Telson (Pty) Ltd received income from a foreign source amounting to R 220 000. This amount was subject to foreign tax amounting to R 13 000. Telson (Pty) Ltd received a net amount of R 207 000 in its bank account. In terms of gross income definition, the full amount of R 220 000 will be included in gross income. It therefore means that the amount will be subject to double tax
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