Sars guns for Joyous Celebration over R1m tax debt
Iconic gospel band Joyous Celebration faces the potential auctioning of its assets if it fails to comply with a final letter of demand from the SA Revenue Service for a tax debt exceeding R1 million.
“You may within 10 business days from the date of this letter of demand apply for any of the following remedies: payment instalments where you are unable to pay the full amount, suspension of the debt where you intend to submit or have submitted a formal dispute, compromise of a portion of the tax where this will provide a higher return to the fiscus than liquidation, sequestration, or other collection measure,” read the letter.
“A civil judgement being entered against you in which case a warrant of execution may be issued for the Sheriff of the court to attach and sell your assets.
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