Below, please find issue 47 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.
case law
- Tax Court, Megawatt Park |
VAT 1626
- Appellant changing to direct attribution method from previously applied apportionment method following segmentation of its currency exchange business into branch operations and treasury operations.
- Whether payment of commissions disqualifies currency exchange transactions as a financial service, considered.
- Held that the South African Revenue Service's ("SARS") insistence on reverting to the apportionment method was unreasonable.
- Find a copy of this judgment here.
Download >>Tax In Brief | Issue 47
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.