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ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION

Yıl 2016, Cilt: 8 Sayı: 2, 147 - 158, 01.12.2016

Öz

Advertising plays a distinct role in economies around the world. Previous studies have not resolved the question related to the classification of advertising as an expense or capital asset. Understanding the principles set out in The Income Tax Act 58 of 1962, with regard to the classification of advertising cost as capital or revenue of nature is important, since the incorrect interpretation of principles will have a direct impact on tax liability. The focus of this study is the classification of advertising costs for tax purposes. Research questions posed in this paper are answered through the development of a classification process that may assist with the classification of advertising costs for the purpose of taxation. Guidelines for the classification of advertising costs as capital or revenue of nature are needed to correctly classify advertising costs for tax purposes. Furthermore, the determination of when advertising costs will be regarded as capital of nature is also determined. A qualitative research approach is applied, including a literature review of case law and income tax acts. The contribution of this study is found in the guidelines set for the classification of advertising costs for tax purposes by using principles from national and international case law

Kaynakça

  • Akanbi, P. A., & Adeyeye, T.C. 2011. The association between advertising and sales volume: a case study of the Nigerian bottling company Plc. Journal of
  • Emerging Trends in Economics and Management Sciences, 2(2):117 Backman, J. 1968. Is advertising wasteful? The Journal of Marketing, 32(8): 2-8.
  • Burns, R.B. 2000. Introduction to research methods. 4th ed. London: Sage Publications Ltd.
  • Christie, M., Rowe, P., Perry, C., & Charmad, J. 2000. Implementation of realism in case study research methodology. Paper presented at the Annual Conference for of the International Council for Small Business, Brisbane, http://ecsocman.hse.ru/data/588/656/1219/case_st.pdf Date of access: 18 Jun 2014.
  • Diederichs, A. 2015. An Analysis of the Classification of Advertising Cost for
  • Tax Purposes. Unpublished Masters dissertation, North-West University. Hirchey, M. 1982. Intangible capital aspects of advertising and R & D expenditures. The Journal of Industrial Economics, 30(4): 375 -390.
  • Mccann, E. & Holmes, K.J. 2010. The classification of capital and revenue in accounting and the definition of income in the market-place. http://www.victoria.ac.nz/sacl/centres-and-institutes/cagtr/working- papers/WP73.pdf Date of access: 12 Aug. 2014
  • Moodley, T. 2011. A critical analysis of the tax deductibility of expenses incurred in virtual worlds by the South African taxpayer. Pretoria: UP. (Published
  • Dissertation - Masters). Rajasekar, S., Philominathan, P., & Chinnathambi, V. 2013. Research methodology. http://arxiv.org/pdf/physics/0601009.pdf Date of access: 15 Jul.
  • Shamdasani, P.N., Stanaland, A.J. & Tan, J. 2001. Location, location, location:
  • Insights for advertising placement on the web. Journal of Advertising Research, (4):7-21. Solomon, M., Russell-Bennett, R. & Previte, J. 2012. Consumer behaviour.
  • Pearson Higher Education AU. Stiglingh, M., Koekemoer, A., Van Schalkwyk, L., Wilcocks, J.S. & De Swardt, R. 2013. Silke: South African Income Tax. Durban, KZN: LexisNexis.
  • Telser, L., G. 1961. How much does it pay whom to advertise? American Economic Review, (5): 194-205.
  • Venter, J.M.P., De Hart, K.L., Coetzee, K., Koekemoer, A.D. 2011. A student's approach to income tax. 1st ed. Durban: LexisNexis.
  • Williams, R.C. 2011. Income tax in cases and materials. 3rd ed. Durban: lexisnexis. South African Acts: Income Tax Act, 58 of 1962
  • South African Court Cases: Anglo-Persian Oil Company Ltd v Dale (1931)
  • Anglo-Persian Oil Company Ltd v Dale (1931)
  • Bourke’s Estate v The Commissioner for the South African Revenue Services (1991)
  • Commissioner of Inland Revenue v Adam (1990)
  • Fuller Bay of Islands Ltd v Commissioner of Inland Revenue (2004)
  • Heather v PE Consulting Group Ltd (1972
  • Lawson v Johnson Matthey plc (1992)
  • New State Areas Ltd v The Commissioner for the South African Revenue Services (1946)
  • Sub-Nigel Ltd v The Commissioner for the South African Revenue Services (1948)
  • The Commissioner for the South African Revenue Services v African Oxygen Ltd (1963)
  • The Commissioner of Inland Revenue v Carron Company (1931)
  • The South African Revenue Services v George Forest Timber Company Ltd (1924)
  • Tucker v Granada Motor Way Services Ltd (1979)
  • Vallambrosa Rubber Co Ltd v Farmer (1910)
  • International Court Cases Anglo-Persian Oil Company Ltd v Dale (1931)
  • Anglo-Persian Oil Company Ltd v Dale (1931)
  • Commissioner of Inland Revenue v Adam (1990)
  • Fuller Bay of Islands Ltd v Commissioner of Inland Revenue (2004)
  • Heather v PE Consulting Group Ltd (1972)
  • Lawson v Johnson Matthey Plc (1992)
  • The Commissioner of Inland Revenue v Carron Company (1931)
  • Tucker v Granada Motor Way Services Ltd (1979)
Yıl 2016, Cilt: 8 Sayı: 2, 147 - 158, 01.12.2016

Öz

Kaynakça

  • Akanbi, P. A., & Adeyeye, T.C. 2011. The association between advertising and sales volume: a case study of the Nigerian bottling company Plc. Journal of
  • Emerging Trends in Economics and Management Sciences, 2(2):117 Backman, J. 1968. Is advertising wasteful? The Journal of Marketing, 32(8): 2-8.
  • Burns, R.B. 2000. Introduction to research methods. 4th ed. London: Sage Publications Ltd.
  • Christie, M., Rowe, P., Perry, C., & Charmad, J. 2000. Implementation of realism in case study research methodology. Paper presented at the Annual Conference for of the International Council for Small Business, Brisbane, http://ecsocman.hse.ru/data/588/656/1219/case_st.pdf Date of access: 18 Jun 2014.
  • Diederichs, A. 2015. An Analysis of the Classification of Advertising Cost for
  • Tax Purposes. Unpublished Masters dissertation, North-West University. Hirchey, M. 1982. Intangible capital aspects of advertising and R & D expenditures. The Journal of Industrial Economics, 30(4): 375 -390.
  • Mccann, E. & Holmes, K.J. 2010. The classification of capital and revenue in accounting and the definition of income in the market-place. http://www.victoria.ac.nz/sacl/centres-and-institutes/cagtr/working- papers/WP73.pdf Date of access: 12 Aug. 2014
  • Moodley, T. 2011. A critical analysis of the tax deductibility of expenses incurred in virtual worlds by the South African taxpayer. Pretoria: UP. (Published
  • Dissertation - Masters). Rajasekar, S., Philominathan, P., & Chinnathambi, V. 2013. Research methodology. http://arxiv.org/pdf/physics/0601009.pdf Date of access: 15 Jul.
  • Shamdasani, P.N., Stanaland, A.J. & Tan, J. 2001. Location, location, location:
  • Insights for advertising placement on the web. Journal of Advertising Research, (4):7-21. Solomon, M., Russell-Bennett, R. & Previte, J. 2012. Consumer behaviour.
  • Pearson Higher Education AU. Stiglingh, M., Koekemoer, A., Van Schalkwyk, L., Wilcocks, J.S. & De Swardt, R. 2013. Silke: South African Income Tax. Durban, KZN: LexisNexis.
  • Telser, L., G. 1961. How much does it pay whom to advertise? American Economic Review, (5): 194-205.
  • Venter, J.M.P., De Hart, K.L., Coetzee, K., Koekemoer, A.D. 2011. A student's approach to income tax. 1st ed. Durban: LexisNexis.
  • Williams, R.C. 2011. Income tax in cases and materials. 3rd ed. Durban: lexisnexis. South African Acts: Income Tax Act, 58 of 1962
  • South African Court Cases: Anglo-Persian Oil Company Ltd v Dale (1931)
  • Anglo-Persian Oil Company Ltd v Dale (1931)
  • Bourke’s Estate v The Commissioner for the South African Revenue Services (1991)
  • Commissioner of Inland Revenue v Adam (1990)
  • Fuller Bay of Islands Ltd v Commissioner of Inland Revenue (2004)
  • Heather v PE Consulting Group Ltd (1972
  • Lawson v Johnson Matthey plc (1992)
  • New State Areas Ltd v The Commissioner for the South African Revenue Services (1946)
  • Sub-Nigel Ltd v The Commissioner for the South African Revenue Services (1948)
  • The Commissioner for the South African Revenue Services v African Oxygen Ltd (1963)
  • The Commissioner of Inland Revenue v Carron Company (1931)
  • The South African Revenue Services v George Forest Timber Company Ltd (1924)
  • Tucker v Granada Motor Way Services Ltd (1979)
  • Vallambrosa Rubber Co Ltd v Farmer (1910)
  • International Court Cases Anglo-Persian Oil Company Ltd v Dale (1931)
  • Anglo-Persian Oil Company Ltd v Dale (1931)
  • Commissioner of Inland Revenue v Adam (1990)
  • Fuller Bay of Islands Ltd v Commissioner of Inland Revenue (2004)
  • Heather v PE Consulting Group Ltd (1972)
  • Lawson v Johnson Matthey Plc (1992)
  • The Commissioner of Inland Revenue v Carron Company (1931)
  • Tucker v Granada Motor Way Services Ltd (1979)
Toplam 37 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA74AV36DV
Bölüm Makaleler
Yazarlar

A. Diederichs Bu kişi benim

L. Jacobs Bu kişi benim

V Pelser Carstens Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2016
Yayımlandığı Sayı Yıl 2016 Cilt: 8 Sayı: 2

Kaynak Göster

APA Diederichs, A., Jacobs, L., & Pelser Carstens, V. (2016). ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION. International Journal of Economics and Finance Studies, 8(2), 147-158.
AMA Diederichs A, Jacobs L, Pelser Carstens V. ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION. IJEFS. Aralık 2016;8(2):147-158.
Chicago Diederichs, A., L. Jacobs, ve V Pelser Carstens. “ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION”. International Journal of Economics and Finance Studies 8, sy. 2 (Aralık 2016): 147-58.
EndNote Diederichs A, Jacobs L, Pelser Carstens V (01 Aralık 2016) ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION. International Journal of Economics and Finance Studies 8 2 147–158.
IEEE A. Diederichs, L. Jacobs, ve V. Pelser Carstens, “ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION”, IJEFS, c. 8, sy. 2, ss. 147–158, 2016.
ISNAD Diederichs, A. vd. “ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION”. International Journal of Economics and Finance Studies 8/2 (Aralık 2016), 147-158.
JAMA Diederichs A, Jacobs L, Pelser Carstens V. ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION. IJEFS. 2016;8:147–158.
MLA Diederichs, A. vd. “ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION”. International Journal of Economics and Finance Studies, c. 8, sy. 2, 2016, ss. 147-58.
Vancouver Diederichs A, Jacobs L, Pelser Carstens V. ANALYSIS OF THE GUIDELINES FOR CLASSIFICATION OF ADVERTISING COSTS IN TAXATION. IJEFS. 2016;8(2):147-58.