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There have been two cases recently which raise interesting conundrums when a taxpayer is engaged in litigating with the South African Revenue Service (SARS).
The Commissioner for the South African Revenue Service had levied additional assessments against NWK, a maize trading company, formerly a co-operative, for the years 1999 to 2003. He had also...
Secondary tax on companies - exemption of dividend falling under s 64B(5)(c)(ii) - whether moneys distributed constituted ‘profit of a capital nature'.