The Supreme Court of Appeal held that value added tax (VAT) in respect of indemnity payments—made by the taxpayer relating to loan cover payments made for its unsecured lending business—was not deductible.
Source: KPMG
Latest Posts in "South Africa"
- Court Rules Only Parliament Can Raise VAT, Striking Down Minister’s Unilateral Tax Powers
- South Africa Clarifies VAT Rules for Agents Importing Goods on Behalf of Nonresident Principals
- South Africa Clarifies VAT Rules for Student Accommodation and Developer Input Tax Deductions
- SARS Announces Three New Acts, Including Voluntary E-Reporting for VAT Vendors, Effective April 2026
- Temu Now Includes VAT and Import Duties at Checkout for South African Shoppers
