SARS Confirms Sheriff To Seize GladAfrica Assets For Tax Failure

0

SARS has informed and warned businesses that in the event of non-compliance with tax regulations, it will initiate all possible legal proceedings against them.

The South African Revenue Service (SARS) issued a press release on Tuesday, August 10, 2021, announcing that the assets of GladAfrica Management Services would be seized by the sheriff. This comes after SARS obtains a civil judgment and a writ of execution against the company, after submitting pay-as-you-go (PAYE) and value-added tax (VAT) returns without making any payments. .

SARS said the company’s default resulted in a debt of R88 million, which was passed to the SARS PAYE Rapid Response Team. The response team then had a series of engagements with the taxpayer between May and August 2021. SARS confirmed that a writ of execution had been issued on Tuesday August 10, 2021, which would be followed by the seizure of sheriff’s assets.

SARS Commissioner Edward Kieswetter said: “SARS is increasingly aware of the tendency for companies to submit reports without making the corresponding payments. Such non-compliance will not be tolerated as it poses a serious threat to the SARS revenue collection mandate. Companies and their directors should note that SARS will take legal action to ensure compliance. “

See the post below.

Mahlohonolo Lakaje
[email protected]



Source link

Leave A Reply

Your email address will not be published.