Is Ford motor company of southern africa a resident company or non-resident company in terms of south African tax law?
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Is Ford motor company of southern africa a resident company or non-resident company in terms of south African tax law?
In South African tax law, the determination of whether a company is a resident or non-resident for tax purposes is crucial, as it impacts the company's liability for taxation on its worldwide income. South Africa follows a residence-based taxation system, which means that resident companies are taxed on their global income, while non-resident companies are only taxed on their South African-sourced income.
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