Company director sentenced to a fine of R50 000 or 12 months imprisonment

Kimberley Specialised Commercial Crime Court convicted and sentenced Macdonald Peloebuang Gaelejwe , to Fifty Thousand Rand fine or twelve months imprisonment on Wednesday, 20 September 2023 for contravention of Tax Administration Act 28 of 2011.

Between the years 2014 and 2018, Gaeleiwe who is the director of Obontse Trading, Projects CC and Projects CC failed to register the said companies for VAT within 21 business days. The total value of taxable income supplies made by Obontse Trading and Projects CC in a 12 month period exceeded R1 million.

He was given a fine of fifty thousand rand or twelve months imprisonment. Fine payable as follows: two Thousand Rand before or on the 7th of October 2023. Thereafter, two Thousand Rand before or on the 7th of each cumulative month until the fine is fully paid off. Accused not declared unfit to possess a firearm.

The Acting Provincial Head Brigadier Prince Mashimbye is pleased with the investigating team and thanked the members for securing a successful conviction.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Company and two directors sentenced for R7-million tax fraud, ordered to pay SARS debtA company and two of its directors who were involved in the controversial Kimberley Diamond Cup Skateboard Championship have pleaded guilty to several charges of tax fraud involving R7 million in the Specialised Commercial Crimes Court in Kimberley.
Source: News24 - 🏆 4. / 80 Read more »

Vumatel parent company’s earnings jump 338%The headline earnings of CIVH — the holding company for Vumatel and DFA — jumped from R47 million in 2022 to R206 million in 2023.
Source: mybroadband - 🏆 11. / 67 Read more »