The excess of tax deductible expenses over taxable income as is confirmed by the South African Revenue Service. This loss may be carried forward and also deducted when determining a taxpayer's taxable income in subsequent years of assessment.
Related information about assessed loss:
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Definition of assessed loss: The excess of tax deductible expenses over taxable income as is confirmed by the South African Revenue Service. This loss may be ...
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Definition of assessed loss from QFinance - The Ultimate Financial Resource. What is assessed loss? Definitions and meanings of assessed loss.
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