ARTICLE · 24 FEBRUARY 2021

Tax In Brief | Issue 57

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Below, please find issue 57 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.

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Below, please find issue 57 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.

case law

High Court (Gauteng Division, Pretoria) | PriceWaterhouseCoopers Inc and Another v Minister of Finance and Another (2 February 2021)
- PricewaterhouseCoopers Inc. ("PwC") levied with interest in respect of late Value-Added Tax ("VAT") payments.
- Constitutional law challenge brought by PwC and PwC Partnership in respect of section 39(7) of the Value-Added Tax Act, 1991 which regulates the remittal of interest on late VAT payments but does not provide for the remittal of interest where, having regard to the output tax and input tax relating to the supply in respect of which interest is payable, the failure to make payment within the prescribed period did not result in any financial loss (including any loss of interest) to the fiscus and/or the State.

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