Sterling and Wilson Renewable Energy Limited announced an update regarding its tax dispute in South Africa. The South African Revenue Service (SARS) has withdrawn a portion of its earlier tax demand. The initial total demand of South African Rand 80.47 Mn (approximately INR 40.24 Crore) has been revised. The remaining tax demand now stands at approximately South African Rand 18.90 million (approximately INR 9.59 Crore).
South African Tax Reassessment
Sterling and Wilson Renewable Energy has received communication regarding their ongoing tax assessment in South Africa. On September 19, 2025, the South African Revenue Service (SARS) issued a notice withdrawing part of its earlier demand.
Revised Tax Demand
The original total tax demand amounted to South African Rand 80.47 Mn, which equates to approximately INR 40.24 Crore. Following a reassessment, SARS has reduced the tax demand to approximately South African Rand 18.90 million, or approximately INR 9.59 Crore. The company is reviewing the revised demand and its implications.
Source: BSE
