Asset management company Coronation Fund Managers has won its case at the Constitutional Court over a R794 million tax matter.
The South African Revenue Service (SARS) had accused Coronation of underestimating the taxes owed from its Dublin-based Coronation Global Fund Managers (CGFM) subsidiary.
The Supreme Court of Appeal (SCA) agreed with SARS and ruled that the asset manager must pay the nearly R800 million amount.
However, according to Moneyweb, the Constitutional Court on Friday ruled in favour of Coronation, stating that the group correctly interpreted and applied the…
