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"
- South Africa’s 5-Corner Peppol Integration to Modernize E-Invoicing and VAT Reporting by 2028
- New VAT Apportionment Reporting Requirements to SARS: Compliance and True-Up Adjustments Explained
- High Court Upholds Tax Court Ruling: Payroll Service Provider Not Liable for SDL and VAT
- Eswatini’s E-Invoicing Initiative: Advancing Tax Compliance and Digital Transformation by January 2028
- South Africa to End VAT Exemption on Low-Value Imports, Impacting eCommerce and Education
