Court name
Supreme Court of Appeal of South Africa
Case number
435 of 2020

Commissioner for South African Revenue Services v Tourvest Financial Services (Pty) Ltd (435 of 2020) [2021] ZASCA 61 (25 May 2021);

Media neutral citation
[2021] ZASCA 61
Case summary:

Value-Added Tax Act 89 of 1991 – s 2(1)(a) – vendor conducting a currency exchange business through its branches – inputs acquired for use partly in making taxable supplies and partly in making exempt supplies – only entitled to deduct a portion of value added tax as input tax.

Ponnan JA
Mbha JA
Schippers JA
Gorven AJA
Kgoela AJA