CFC (Controlled Foreign Corporation) Rules

Author:

Published:

Updated:

« Back to Glossary Index

Definition of “CFC (Controlled Foreign Corporation) Rules” :

CFC (Controlled Foreign Corporation) Rules in South Africa refer to tax regulations that prevent South African tax residents from shifting income to a foreign company in which they hold more than 50% of the participation rights, thereby controlling the company. These rules aim to include in the tax resident’s taxable income, their proportional share of the net income of the foreign company.

« Back to Glossary Index

Latest guides