SCA rules against Absa in multiyear Sars dispute
Money flowing from an investment in Brazilian government bonds is at the centre of the standoff, which is likely to continue for years
02 October 2023 - 09:18
UPDATED 02 October 2023 - 10:12
Absa will have to exhaust Sars’ internal remedies in its multiyear battle with the tax agency over the so-called “impermissible tax avoidance arrangement” it has been accused of being engaged in, after the Supreme Court of Appeal (SCA) set aside a high court decision that ruled in its favour.
The SCA on Friday said the North Gauteng High Court lacked jurisdiction to hear the matter, essentially remitting it back to the tax court should the parties not come to an agreement in the interim...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.