ConCourt judgment in Capitec vs SARS clarifies important VAT principles

The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.

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SARS affords itself a 30-day advantage

“SARS has awarded itself a 30-day interest-free holiday on taxpayer money.”  According to Moneyweb, the law now allows the revenue service to reduce the amount of interest it must pay a taxpayer in […]

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