Legal Articles and Guides
SARS pursues Adidas for alleged R1.9bn underpayment
SARS has accused multinational sportswear manufacturer Adidas of underpaying custom duties and is seeking unpaid taxes amounting to R1.9bn from the company.
Editor lauds ConCourt's SARS ruling
Financial Mail editor Rob Rose said the Constitutional Court’s ruling that a blanket ban on disclosing taxpayer information was invalid is ‘a victory for our access to information laws’.
SARS imposes R381m penalties on taxpayers
SARS has imposed penalties amounting to R381m on 690 000 taxpayers for outstanding returns this year, reports Fin24.
ConCourt ruling opens door to access Zuma’s tax records
The Constitutional Court has opened the door for journalists, anti-corruption NGOs, individuals and even political parties to request to see the tax returns of others if they are able to prove that their release would be in the public interest.
Coronation gears for ConCourt battle
Coronation Fund Managers says its R716m tax dispute with the SARS may take up to two years to be finalised due to the length of time it takes for Constitutional Court processes to run their course.
SCA confirms Regiments Capital liquidation
SARS has scuppered an attempt to set aside the liquidation of Gupta-linked company Regiments Capital, reports Fin24.
SARS sets its sights on ‘bad-faith actors’
The SARS has committed itself to paying VAT refunds to qualifying taxpayers as and when they become due; however, there are bad-faith actors trying to play the system.
More tax woes for Bushiri
After evaluating Bushiri’s assets in SA, the SARS is relentlessly chasing nearly R70m in unpaid income tax from an investment entity that belongs to the self-proclaimed prophet.
SAT board 'as good as gone'
Strained relations, a fallout over the R1bn Tottenham Hotspur deal, allegations of serious irregularities, sexual harassment and a R2.8m annual budget blown by the board in just five months have emerged as the reasons behind Tourism Minister Patricia de Lille’s move to dissolve the South African Tourism (SAT) board.
Matshela Koko’s wife slapped with R17m bill
The wife of former Eskom CEO Matshela Koko has been slapped with a tax bill of more than R17m, reports City Press. This could result in the possible sale of her properties should she fail to utilise payment measures put in place by the revenue collector.
SARS exceeds R2trn gross revenue for first time
SARS has collected just over R2trn in gross tax revenues over the past year, a 9.7% increase from the 2021/22 tax year.
Gupta associates plead not guilty to R37.7m Estina fraud
Two alleged Gupta associates on trial in connection with the R37.7m Estina fraud case have pleaded not guilty to all the charges levelled against them, reports TimesLIVE.
ANC donor owes SARS R350m
United Manganese of Kalahari (UMK) – a company owned partly by US-sanctioned Russian mogul Viktor Vekselberg and the ANC’s funding front, Chancellor House – is at loggerheads with SARS over a tax bill of more than R350m.
Regulators focus on trust distributions
SARS found a R58bn gap for the 2015 tax year between distributions and income declared by trusts, reports Moneyweb.
Clearing agent fined R140m for SARS fraud
Durban-based customs clearing agent Ocean Light Shipping has paid a heavy price for defrauding SA Breweries (SAB) of nearly R140m.
