Tax experts warn that the SARS’ reach is wide, and its fists hit hard.
Indications are that the South African Revenue Services is no longer allowing tax fraud to run rampant in South Africa, and is ramping up its action against perpetrators who operate on the fringes of the law.
The private healthcare facility in question was recently charged with alleged PAYE, VAT, and income tax fraud in excess of R500 million, while the director was similarly charged with alleged tax fraud to the tune of R750 million. Upon conviction, the parties involved could potentially face a prison sentence of up to 40 years, Tax Consulting said.
“The Tax Administration Act, No. 28 of 2011, provides a saving grace to taxpayers who come clean to SARS. A VDP application to SARS is the only way to avoid prison time,” it said.
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