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News & Press: Case Law

CSARS v De Beers Consolidated Mines Limited

04 June 2012   (0 Comments)
Posted by: SAIT Technical
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The Supreme Court of Appeal delivered its judgment in the matter between SARS and De Beers Consolidated Mines Limited on 1 June 2012.

The judgment deals with VAT, specifically,  the meaning of 'enterprise', the meaning of 'imported services',  whether foreign advisory services utilised or consumed in the Republic for ‘the purpose of making taxable supplies’ and whether tax on local advisory services qualifies for deduction as ‘input tax’.

SARS' appeal was upheld with costs and the tax court judgment was set aside.

Click here to access the full judgment.

 


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