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June 1, 2009

Secret VAT deductions

Companies have been pressing the South African Revenue Service (Sars) to allow VAT deductions on holding company expenses, corporate finance fees incurred relating to BEE transactions and company reorganisations, investment transactions and the apportionment of dividend income but have had few successes.



Victories have, however, been won on holding company expenses.

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Posted by StaffWriter at June 1, 2009 10:07 AM

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