Tax Case Summaries

Tax Case Summary - Issue No. 9/2025

The 9th issue of the Case Summaries provides a comprehensive overview of various tax cases decided by the Tax Appeals Tribunal (TAT). These decisions cover a range of issues including validity of tax assessments, tariff classifications, and appeals related to income tax, VAT, and customs duties.

In this edition of the Case Summaries, the editors’ pick is the case of Salaam Microfinance Bank Limited v Commissioner of Domestic Taxes where the TAT determined that payment of consideration under a Share Purchase Agreement could not be deemed to be subject to PAYE, interest received by a financial institution is not subject to excise duty and that penalties charged by financial institutions are not subject to excise duty.