Legal Articles and Guides
Football legend in hot water over SARS debt
Tax woes are piling up for former Bafana Bafana coach and businessman Jomo Sono following a second letter of demand in under two months.
SARS may collect SABC TV licences
A new proposal to ditch the SABC’s TV licences for a ring-fenced tax collected by SARS is on the cards as less than a fifth of viewers are paying, notes a Cape Argus report.
Prosecutors must decide which Modack case goes first
Nafiz Modack and his co-accused are expected to be tried at the beginning of 2024 in two cases – one for VAT fraud and another for murder – but prosecutors will have to slug it out to decide which case is heard first, News24 reports.
Capitec seeks to appeal SCA VAT ruling
Capitec has warned that should SARS have its way in its VAT dispute, it will lead to credit becoming more expensive not only for its 20m customers but the whole banking sector.
SARS takes on trusts over capital gains issue
SARS has taken on six trusts that sold Amalgamated Metals Recycling (AMR) to JSE-listed Insimbi eight years ago for nearly R300m, suspecting them of underpaying capital gains tax on the transaction.
Coronation case may be heading to ConCourt
Coronation has filed its application for leave to appeal a judgment from the SCA, which landed it with a tax bill of more than R700m.
SARS under fire for ‘ghost’ deposit account
A taxpayer is embroiled in a bureaucratic nightmare with no way out of an auto-assessment by the SARS which has determined she owes R8 000 tax on interest allegedly received from a deposit account she never held.
SARS fails in bid to get Agrizzi’s Italian assets
SARS has failed in its bid to get Bosasa corruption-accused Angelo Agrizzi to repatriate his foreign assets in Italy to pay the taxman more than R174m he allegedly owes, reports News24.
Modack not ready for tax trial
The latest Western Cape High Court appearance by alleged gang boss Nafiz Modack and his co-accused in a Vat fraud case was adjourned to give him time to consult after his new lawyer complained that he had not been able to speak to his client while he was in prison.
Diageo wins Cape Velvet excise rate appeal
Diageo SA has emerged victorious in a High Court appeal on the lower excise tax rate it will pay on its Cape Velvet Cream liqueur.
SARS denies flaws in new auto-assessments
SARS’ newly implemented auto-assessments system has started, but it seems there might be some teething problems as some taxpayers claim to have received refunds without prior notification, reports The Citizen.
SARS sets its sights on Sophie Ndaba
The SARS is gunning for a writ of execution to possibly sell the assets of a company belonging to former Generations star and businesswoman Sophie Ndaba should it fail to settle more than R23m in outstanding tax debt.
Ex-SAA contractor faces R15m tax bill
Beleaguered businessman Vuyisile Ndzeku could face a writ of execution at the hands of SARS if he fails to settle more than R15m of his outstanding tax bill after he was served with a final letter of demand by the revenue collector.
Omnia's R1bn tax dispute drags on
Fertiliser and chemicals group Omnia may soon head to the Tax Court if it fails to reach an agreement with SARS, which launched a tax dispute of nearly R1bn against the company that has now dragged on for two years, reports Moneyweb.
Lion Match to appeal capital gains ruling
The Lion Match Company (TLMC) is to appeal a ruling by the Gauteng High Court (Pretoria) that SARS is within its rights to issue an additional assessment on capital gains tax for a transaction 15 years ago, BusinessLIVE reports.
