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Recent Case Law - Bad News For Companies Granting Equity For Services
The Supreme Court of Appeal ("SCA") delivered judgment in favour of the South African Revenue Service ("SARS") on 28 September 2011 in the case of CSARS v Labat Africa Limited (669/10) [2011] ZASCA 157, where the court was tasked with deciding whether Labat Africa Limited ("Labat") could deduct from its income the value of shares issued in consideration for the acquisition of a trademark by assignment
South Africa
7 Dec 2011
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