SARS Confirms Sheriff To Seize GladAfrica Assets For Tax Failure
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.
Press Release: Sheriff to Seize Company Assets for PAYE and VAT Debts
GladAfrica Management Services assets will be seized by the sheriff after SARS obtains a civil judgment and an enforceable title against the company… https://t.co/XXmdF8kukM
– SA Revenue Service (@sarstax) August 10, 2021