14 April 2016 South African tax and exchange control considerations regarding set-off, netting and creating loan accounts discussed It is commonplace for multinational corporations to enter into set-off or netting transactions. Although the economic outcome is the same, there are subtle differences between set-off and netting. In addition, these actions may result in negative tax consequences. A Tax Alert prepared by Ernst & Young South Africa, and attached below, provides additional details. Document ID: 2016-0679 |