Legal Articles and Guides
High-flying businessman slapped with R63m bill
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.
SARS opens case against Phala Phala buffalo buyer
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.
Hefty SARS bill for former Gupta ally
Ex-Gupta lieutenant Salim Essa has landed a R2.6bn tax bill which he has been given until 13 February to settle.
Apex court declares gambling levies unconstitutional
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.
SARS ordered to pay agreed salary increase
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 raises its projected liabilities
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.
Convicted fraudster loses appeal
A Durban woman’s efforts to appeal a 10-year jail term has been dealt a blow, reports IoL.
Masondo rejects removing VAT on more foods
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.
Keen interest in Coronation’s tax case
National Treasury has withdrawn – for now – the far-reaching proposed amendment to the Income Tax Act pertaining to the rules governing offshore entities of SA multinationals.
SARS closes the net on Bitcoin and crypto assets
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 wants actress to settle R23m debt
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.
Medical Aid tax credits may go
As consumers face increases in medical aid rates in the coming year, they also face the prospect of losing the tax credits they currently enjoy for paying for private healthcare.
SARS apologies for legal threats via SMS
SARS has apologised after it issued a threatening message last week warning taxpayers that they would be penalised and criminally prosecuted if their tax status was deemed to be non-compliant.
AngloGold Ashanti to pay R4bn to exit SA
AngloGold Ashanti will before tomorrow (Tuesday) pay SARS a total of R4.5bn in taxes as part of the transaction to move its corporate domicile to the UK and primary listing to the New York Stock Exchange.
GladAfrica slapped with R500m bill
GladAfrica has been hit with a tax bill of more than R500m by SARS, reports City Press.
