ARTICLE · 12 DECEMBER 2019

Tax In Brief - Issue 41

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appeal against decision of Tax Court, in respect of which the Commissioner for the South African Revenue Service was directed to partially allow a claim

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Supreme Court of Appeal | C: SARS v Clicks Retailers (Pty) Ltd
- appeal against decision of Tax Court, in respect of which the Commissioner for the South African Revenue Service was directed to partially allow a claim by taxpayer in terms of section 24C of the Income Tax Act, 58 of 1962 ("Act").
- whether cost of sales in honouring vouchers, issued to clients in terms of a loyalty programme and expected to be redeemed in the following year, constituted expenditure for purposes of section 24C of the Act, considered.
- whether expenditure incurred in honouring vouchers held by clients arose in terms of the same contract in respect of which sales income accrued to the taxpayer, considered.

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