Remgro settles tax disputes with Sars | Fin24
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Remgro settles tax disputes with Sars

Jun 28 2013 11:32
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Last traded 126
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Cumulative volume 2169277
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Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg– Investment group Remgro [JSE:REM] said on Friday it has resolved all three of the tax disputes it has with the South African Revenue Service (Sars).

Two of these disputes, amounting to R1.158bn, involved a potential secondary tax arising from the buy-back and cancellation of treasury shares in the six months to December.

The third dispute, totalling R755m, related to the disposal of investments.

 Both of these amounts included interest up to December 31.

remgro  |  sars  |  dispute


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