Legal Articles and Guides
Tax fraud suspect loses luxury vehicles
Kishene Chetty, a member of the Chetty family accused of multimillion-rand police tender fraud, allegedly declared zero income in 2021, despite earning nearly R29.3m.
Liquidation order for Shivambu company over R11.5m debt
The Gauteng High Court (Pretoria) has ordered the liquidation of Grand Azania, a company owned by Brian Shivambu, the brother of EFF deputy president Floyd Shivambu, over unpaid tax amounting to R11.5m.
Concerns over proposed two-pot retirement system
SA will be the first country to pilot the two-pot retirement system, reports The Citizen. But when exactly this will happen is a mystery to everyone outside of government.
Bank still fighting exchange rate rigging claim
More than six years after the Competition Commission accused 18 banks of colluding to fix the rand exchange rate, Standard Bank is still trying to get its hands on the commission’s evidence for the case, in which it says it did nothing wrong.
Ramaphosa and companies tax compliant
The SARS yesterday revealed that President Cyril Ramaphosa and his companies – Ntaba Nyoni Estate (a sprawling 5 100-hectare livestock farm) and Ntaba Nyoni Feedlot – ‘are compliant with their tax obligations to date’.
Another Phala Phala blow for Ramaphosa
The SARS was not able to find any record that Sudanese businessman Hazim Mustafa who paid $580 000 in cash to President Cyril Ramaphosa's Phala Phala farm, declared the cash he brought into the country in December 2019.
Coronation to apply for leave to appeal SARS judgment
Fund management company Coronation will be applying for leave to appeal a SCA judgment that ordered it to pay SARS additional taxes linked to its Irish operations, reports Moneyweb.
Coronation gets support for its tax fight
Coronation, which is considering taking its fight against SARS to the apex court, has received backing.
SCA orders Coronation to pay large tax bill
Coronation lost almost R1bn in market value within an hour yesterday after the SCA ordered it to pay a large tax bill. Fin24 reports that given the ruling, the company said it may not pay an interim dividend.
Confusion over January tax deadline
The SARS provisional tax deadline of 23 January is causing confusion among taxpayers who think that their second provisional tax submission is due sooner this year, reports BusinessTech.
SARS moves to auto-register taxpayers
The recent call by the SARS urging taxpayers to make use of the programme that allows them to voluntarily disclose any tax defaults could be a ‘warning shot across the bow'.
Businessmen charged with defrauding SARS of R116m
Two businessmen from Gauteng who are facing 35 counts of tax fraud were released on bail of R10 000 each after they appeared in the Bloemfontein Magistrate’s Court yesterday.
Private hospital owner probed over bribery allegation
A Pietermaritzburg private hospital at the centre of a tax evasion scandal is also under investigation by the Hawks over claims that its owners bribed Health Department officials to overlook registration deficiencies.
Bain ban long overdue
SARS Commissioner Edward Kieswetter said that the country's decision to ban global consultancy firm Bain & Co from tendering contracts in the public sector was long overdue, reports EWN.
SARS asks axed employees to return in about-turn
SARS has dropped its opposition to the reinstatement of two staff members axed in 2017 for refusing to take part in the company's restructuring process.
