Two businessmen from Gauteng who are facing 35 counts of tax fraud were released on bail of R10,000 each after they appeared in the Bloemfontein magistrate’s court on Monday.
Khothatso Isaac Moletsane, 48, and Tumelo Peter Moletsane, 54, were charged together with their company, Mol Pro Consulting, for defrauding the South African Revenue Service of about R116.7m by under-declaring the trading activities of their company.
Shuping said between February 2014 and September 2016, they allegedly under-declared the VAT income of the company in the VAT201 declaration when they submitted their company tax return, prejudicing Sars to an amount of about R34.5m. The VAT201 declaration is a form prescribed by Sars where VAT vendors declare their input and output tax.
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