n Tax Breaks Newsletter - EU case ruling may assist SA firms on VAT payments




Extracted from text ... Moneyweb's TAX BREAKS August 2005 3 EU CASE RULING MAY ASSIST SA FIRMS ON VAT PAYMENTS A RECENT European Court of Justice case could have a farreaching impact on the deduction of VAT input tax for some South African companies, says Justin Liebenberg, Grant Thornton's senior tax manager for Johannesburg. Liebenberg points out that it is common knowledge that the SA Revenue Service relies on European case law as authority for the view that VAT input tax cannot be claimed in respect of expenditure relating to the juristic nature of the entity. This includes expenditure such as: ?? Stock exchange ..


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