Court victory – taxpayers beat Sars

Taxpayers have scored a victory over the South African Revenue Service (Sars). A Supreme Court of Appeal decision has put millions of rands back into businesses.

In a judgment that has important implications for franchise businesses and others that pay for the continual use of trademarks and other intellectual property, the Supreme Court of Appeal has held that royalty payments are tax-deductible in terms of the Income Tax Act.

Read more at Moneyweb.co.za