In Commissioner for the South African Revenue Service v Capitec Bank Limited (94/2021) [2022] ZASCA 97 (21 June 2022) the Supreme Court of Appeal ruled that Capitec Bank Limited (‘Capitec’) could not deduct input tax in respect of loan cover payouts to borrowers. This article considers the case, in particular the court’s views on Capitec’s VAT equilibrium.
Source Pieter van der Zwan
Latest Posts in "South Africa"
- High Court Curb on Finance Minister’s Tax-Rate Powers
- SARS to Require Pre-Declaration of Foreign Vehicles from 1 June 2026
- High Court Rules Minister Cannot Set VAT Rate Without Parliamentary Approval
- South African Businesses: Check for Interest Owed on Delayed SARS VAT Refunds
- Government Proposes VAT Revenue Sharing to Boost Municipal Finances and Address Local Funding Crisis
