One mistake could financially ruin South African business owners who owe SARS money

[Kirsten Minnaar]

One mistake could financially ruin South African business owners who owe SARS money

South African business owners who liquidate companies to escape SARS tax debt could still face personal liability, penalties or legal consequences.

 

[EmmanuelGoldstein]

SARS.... voetsek...

 

[MrGray]

More SARS alarmism.

They can only hold business owners personally liable if there is evidence of outright fraud or negligence.

Otherwise, the tax liability is that of the company, not its owners, managers or investors. That is the whole point of a company structure.

 

[EmmanuelGoldstein]

More SARS alarmism.

They can only hold business owners personally liable if there is evidence of outright fraud or negligence.

Otherwise, the tax liability is that of the company, not its owners, managers or investors. That is the whole point of a company structure.

SARS paid for that AI slop above, so yeah...

 

[Hemi300c]

If you not high up or a cadre of the anc