CAPE TOWN – Model Candice van der Merwe is headed to court on August 30 to reclaim R44 million tax from the SA Revenue Service , which she said the taxman claimed on money that was legally not taxable income. Van der Merwe, the daughter of businessman Gary van der Merwe, received a gift of nearly R145m in May 2013 from a foreign national. The businessman and his daughter have jointly issued summonses against Sars totalling R7.6 billion.
He said a blanket preservation order was thrown over all money and assets belonging to his daughter and her family, leaving them without access to funds and having to make requests for money to buy food from a court-appointed curator, Cloete Murray.
Van der Merwe is adamant that the money was not taxable as foreign donations made by non-citizens to citizens are only taxable in the hands of the donor in their home country, not in South Africa. The court papers placed on record that the foreign funds were given to Candice and that her father had and has no interest in these funds.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IOL - 🏆 46. / 51 Read more »