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The Tax Deductibility of Expenditure Incurred in Virtual Worlds

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 

The rapid development of virtual worlds has made virtual currency and virtual property big business. Virtual currency from almost every game and social virtual world can be exchanged for real world currency. It is this type of exchanges from virtual currency to real world currency, generally at a profit, that caught the attention of tax authorities.The study concluded that where income from virtual worlds form part of a resident’s gross income, the expenditure incurred in generating this income, by means of a trading activity, qualify for a deduction in terms of the general deduction formula, contained in section 11(a) of the Income Tax Act of South Africa.

Product Specifications
SKU :COC93410
AuthorJohan Rudolph
LanguageEnglish
BindingPaperback
Number of Pages56
Publishing Year2011-09-30T00:00:00.000
ISBN978-3846514948
Edition1 st
Book TypeTaxation & duties law
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-08-14 00:00:00