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The deductibility of VAT on payments made under loan cover: SCA judgment in CSARS v Capitec
- 01 July 2022
- New Legislation
- SA Legal Academy
The Supreme Court of Appeal (SCA) handed down judgment on 21 June 2022 in the case of Commissioner for the South African Revenue Service v Capitec Bank Ltd (94/2021) [2022] ZASCA 97. The judgment raises questions regarding the interpretation and application of the Value-Added Tax Act 89 of 1991 (VAT Act) particularly the deduction of value-added tax (VAT) where goods or services are supplied for no consideration.
Click here to read more: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.cliffedekkerhofmeyr.com/export/sites/cdh/en/news/publications/2022/Practice/Tax/Downloads/Tax-Exchange-Control-Alert-30-June-2022.pdf?_cldee=bE0aPv3wUpTaZGwQ4dSjwBQ4yoA11W4cIhSkzGk4TH8643gUU79SwZARAmV9v7lW&recipientid=contact-0559822378d7ec11a7b50022489eb623-1dea77fd1bcc4e5e89081bc351a1c99c&esid=a332e1f0-75f8-ec11-bb3d-002248a00fc3