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11. BUSINESS TRANSFORMATION AND RE-ORGANIZATION

In terms of newly introduced provisions in 2017, a tax exemption is granted in respect of restructuring gains arising to a debtor from partial or full waiver of debt by the creditors, occurred after 8 February 2017, if the company provides evidence regarding the necessity and potential of rehabilitation, suitability of the debt relief and the business intent behind the waiver. The related restructuring expenses are not deductible.