- Sars is focused on increasing tax collection and addressing non-compliance.
- Taxpayers are warned against making costly mistakes when challenging Sars.
- A recent Tax Court case involved a R26.9-million VAT refund claim for imported gold coins.
- The taxpayer incorrectly believed no VAT was due on the importation of the coins.
- Sars required a Voucher of Correction to account for VAT, which was initially accepted.
- Sars later refused a second VOC to cancel the original VAT declaration after the coins were exported.
- The taxpayer’s arguments for a VAT refund were rejected by the Tax Court.
- The Court ruled the taxpayer was not the lawful importer, as BIV was the actual importer.
Source: polity.org.za
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
