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South Africa’s iconic matchbox maker, Lion Match, has lost a major tax battle after trying to argue that it owed less tax than what the South African Revenue Service (SARS) had calculated. Instead of a discount, the court ordered the company to pay even more. The Supreme Court of Appeal ruled this week that Lion […]
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SARS shows matches firm Lion flames in court over R450m shares
Tshwarelo eseng Mogakane
20:11
South Africa’s iconic matchbox maker, Lion Match, has lost a major tax battle after trying to argue that it owed less tax than what the South African Revenue Service (SARS) had calculated. Instead of a discount, the court ordered the company to pay even more. The Supreme Court of Appeal ruled this week that Lion
