Section 23M (ITA) – Limitation of interest deductions in respect of debts owed to persons not subject to tax

23M. Limitation of interest deductions in respect of debts owed to persons not subject to tax

[Heading of section 23M substituted by section 41 of Act 15 of 2016 effective on 19 January 2017]

(1)        For the purposes of this section-