In November 2017, Capitec submitted a VAT return with a R71.5m deduction, relying on section 16 (3) (c) of the VAT Act, which allows for a vendor to deduct, from its output tax, the tax fraction ...

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Read our privacy notice. A couple convicted of a £280,000 VAT scam to fund a Chelsea penthouse and glamorous lifestyle have been ordered to repay more than £53,000 or serve 15 months in jail.