Tag: TaxDisputes
Tax deductibility – SCA rules on financing fees
On 7 September 2026, the Supreme Court of Appeal (SCA) handed down a significant judgment against the South African Revenue Service (SARS). The judgment confirmed that certain financing fees qualify for tax deductions under section 24J of the Income Tax Act, 58 of 1962.
SCA confirms SARS’ firm approach to penalties and nil returns
The Supreme Court of Appeal (SCA) has delivered a judgment that reinforces SARS’ strict stance on understatement penalties and estimated assessments. The ruling confirms the South African Revenue Service (SARS)’s authority when taxpayers fail to provide accurate information. SCA confirms SARS’ firm approach to enforcement and compliance.
