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Court Rules SARS Not Bound by Business Rescue Plan for Post-Commencement VAT Debts

  • Application challenging SARS’ right to recover post-commencement VAT debts
  • Business rescue plan argued to extinguish SARS’ claim for VAT debts
  • SARS opposed application, claiming claims were not compromised
  • Court ruled business rescue plan could not bind SARS without consent
  • SARS’ absence from creditors’ meeting did not signify agreement

Source: ensafrica.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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