Income Tax on Foreign Exchange Transactions
(ACC104TEP)

This article details important sections and paragraphs in the South African Income Tax Act regarding foreign exchange contracts, as well as explanations regarding technical jargon, and worked examples for future reference. To preview the reading material click here.

Educational Aim:

The aim of this article is to provide an overview of;

  1. Important sections and paragraphs in the South African Income Tax Act regarding foreign exchange contracts,
  2. Foreign exchange contracts technical jargon.

Educational Objectives:

Upon completion of this module, learners should;

  1. Have a clear understanding of important sections and paragraphs in the South African Income Tax Act regarding foreign exchange contracts,
  2. Have a clear understanding of foreign exchange contracts technical jargon.