
Tax Court clarifies VAT treatment of cashback and fee rebates
The Court finds that cashback credits reduced the original fee, rather than constituting payment for a separate supply by customers.

The Court finds that cashback credits reduced the original fee, rather than constituting payment for a separate supply by customers.

SARS’s stance on input VAT was overturned after the court found the fund to be the principal in an insurance agreement – not merely an agent.