Nampak
11 December 2007
In September 2005, the South African Revenue Service (SARS) raised a number
of assessments relating to the Malbak group of companies which were acquired by
Nampak in 2002. In addition, a number of queries were subsequently raised by
SARS regarding the tax affairs of Nampak.
In August 2007, agreement was reached between Nampak and SARS that a task
team representing both Nampak and SARS, be established to try to resolve the
matters in dispute.
Following a complete review of all tax matters currently in dispute, Nampak
and SARS have agreed to settlement terms to resolve these matters.
This settlement brings to a close historical tax matters which date back
several years and is a good illustration of what can be achieved through
collaboration.
Issued by: South African Revenue Service
11 December 2007
Source: South African Revenue Service (http://www.sars.gov.za)
