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Troubled businessman Leeroy Sidambe faces yet another financial hurdle as a commercial entity wants to cancel its business ventures with his company Sakhile Eweni and possibly auction his matrimonial home and luxury car.
As SA investigators continue to drag their feet in charging anyone connected to Steinhoff, another executive who worked for the retailer is set to go on trial in Germany, this time for tax evasion, reports Fin24.
SARS’ view of tax regulations regarding foreign subsidiaries’ exemption from income tax will ‘materially impede SA tax residents’ from competing on a level playing field in foreign markets.
A Gauteng consultancy walked away with millions of rands in profit after promising the provincial government it would create 75 000 internships for unemployed youths in the province over three years, but ended up creating just 142 such opportunities.
SARS is going after of controversial businessman Edwin Sodi, threatening to seize his assets if he fails to pay more than R400m of his outstanding tax debt, reports City Press.
The Cape Town Tax Court recently granted a punitive cost order against SARS in a VAT case, a move that is considered quite uncommon in the court, reports Moneyweb.
Nafiz Modack didn’t confirm a lawyer for his R46m VAT refund fraud case on Monday, which caused the judge to send the matter back to the pretrial court for a hearing on 20 March, reports News24.
SARS has dragged Hawks head Godfrey Lebeya to the Gauteng High Court (Johannesburg), demanding that he pays the revenue collector R3m he owes, reports City Press.
It has been compulsory since 2017 for non-executive directors in SA to register for VAT once their fees exceed the R1m threshold.
Woes are piling up for social media influencer Mihlali Ndamase’s ex-boyfriend Leeroy Sidambe after SARS slapped his company, Sakhile Ezweni Group, with a demand for more than R63m in unpaid taxes.
The SARS has opened a criminal case against Phala Phala buffalo buyer Hazim Mustafa, who allegedly paid $580 000 in cash to President Cyril Ramaphosa’s farm manager in December 2019.
Ex-Gupta lieutenant Salim Essa has landed a R2.6bn tax bill which he has been given until 13 February to settle.
The increased gambling levies imposed on casino operators such as Sun International are unconstitutional, which means the North West Provincial Government must now pay back millions of rand to the operators.
The Gauteng High Court (Pretoria) has ruled that SARS must honour the last leg of a three-year wage deal signed with unions in 2019, which a Business Day report calls setback for one of the entities facing a funding shortfall as the Treasury trawls its coffers to make up for the mismatch between spending and revenue.
Coronation Fund Managers, which currently owes the SARS R761m in disputed taxes, could see that liability grow further if a pending Constitutional Court case on the issue drags on.
A Durban woman’s efforts to appeal a 10-year jail term has been dealt a blow, reports IoL.
Deputy Finance Minister David Masondo says expanding the basket of zero-rated foods will result in lower tax revenue and mean there are less funds for more targeted relief for the poor.
National Treasury has withdrawn – for now – the far-reaching proposed amendment to the Income Tax Act pertaining to the rules governing offshore entities of SA multinationals.
The SARS has joined nearly 50 other jurisdictions around the world in pledging to adopt a new Crypto-Asset Reporting Framework (CARF) developed by the OECD and work to put it into law.
SARS has issued Sophla Trading, a company that belongs to former Generations star Sophie Ndaba, a second letter of demand in less than five months, ordering a settlement of more than R23m in outstanding tax debt, reports City Press.