South Africa: Tax In Brief | Issue 47

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

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