Image source: rawpixel – 123RF.com The ConCourt's verdict in Capitec Bank Limited v CSARS [2024] has granted Capitec the right to claim a VAT deduction ... Sars should not seek to exact tax ...

only those deductions outlined in section 5(2) of their Act, in conjunction with the Customs and Excise Act 91 of 1964, are permissible. The saga began in November 2024 when SARS requested a ...