SARS wins case against US giant Citibank

16 October 2023 Curated In the News Archive Comments Off on SARS wins case against US giant Citibank

The original article can be found here.

Article highlights:

  • Citibank South African may need to pay VAT for the costs of seconded employees sent from elsewhere to work at the group’s local operations.
  • It approached the North Gauteng High Court in Pretoria earlier this year for an order stating that it does not need to pay VAT on costs linked to seconded employees on so-called “expatriate assignments”.
  • Citibank SA does not pay them directly. It does, however, reimburse their salary costs to their “home” branches via internal service agreements.

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