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Bribes are not tax deductible: SARS rejects payments by...

Regiments Capital claimed more than R600-million in professional fees as taxable deductions โ€” a large chunk of payments it had made to several letterbox companies. Those include the controversial Gupta-linked front company, Homix, that extracted just more than R139-million in 2015 and 2016 from Regiments. This is according to a tax audit carried out by the South African Revenue Service (SARS) into the companyโ€™s affairs for the period 2014 to 2016. Audits for 2017 to 2019 are still under way...
South Africa South African Deon Boshoff Litha Nyhonyha Kuben Moodley Niven Pillay

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