National Small Business Act, 1996 (Act 102 of 1996)
R 385
"functional currency"
in relation to—
| (a) | a person, means the currency of the primary economic environment in which the business operations of that person are conducted; and |
| (b) | a permanent establishment of any person, means the currency of the primary economic environment in which the business operations of that permanent establishment are conducted; |
[Definition inserted by section 6(1)(k) of the Taxation Laws Amendment Act, 2010 (Act No. 7 of 2010) - effective 1 January 2011]
