Sars goes after Limpopo businessman and philanthropist for more than R200m company tax debt

  • 📰 News24
  • ⏱ Reading Time:
  • 31 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

Writ Of Execution News

Tax Debt,Sars

Sars goes after Limpopo businessman and philanthropist for more than R200m company tax debt

The SA Revenue Service wants to hold Limpopo-based businessman and philanthropist Nyambeni Maphalaphathwa personally liable for a hefty R204 million tax debt accumulated by his company, Mjayeli Security.

The notice cites that the popular businessman was given an opportunity to make representations to the taxman on reasons that he should not be liable for the debt, as the claim was also directed at Mjayeli Security.“The submission provided by you, however, failed to satisfy Sars that you, while being regularly involved in the management of the financial affairs of the taxpayer did not act negligently or fraudulently with regard to the tax obligations of the company,” read the notice.

Sars spokesperson Siphithi Sibeko said they did not discuss private taxpayer information with third parties.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brait slashes investment manager fee again… from R200m to R50m.
Source: Moneyweb - 🏆 5. / 77 Read more »