Taxation and security expenditure for individuals in South Africa

Abstract

The crime situation that South Africa currently experiences is a very topical and relevant issue that is frequently lamented by South Africans of all walks of life. The high crime rate being experienced has resulted in many individuals calling for the tax deductibility. The research that follows investigates existing literature on the connection between private security expenditure and taxation and also gauges the views of South Africans on the current crime situation as well as a tax deduction for private security expenditure. Finally, the research concludes by examining whether such a deduction would be allowed within the current legislative framework. Copyright