SARS wins R1bn tax evasion case against Africa Cash & Carry

[yebocan]

The South African Revenue Service welcomed the judgement of the Supreme Court of Appeal that brought to an end a protracted dispute with Africa Cash & Carry, it said in a statement on Thursday.

The judgment – issued on November 21 – followed an investigation by SARS into the use of sale suppression systems and the manual manipulation of accounting books, the revenue agency said. The Tax Court altered its assessments to include some 200% additional tax, according to the statement.

SARS wins R1bn tax evasion case against Africa Cash & Carry | Business

The South African Revenue Service welcomed the judgement of the Supreme Court of Appeal that brought to an end a protracted dispute with Africa Cash & Carry, it said in a statement on Thursday.

www.fin24.com

 

[Grubscrew]

That is a few pennies.

 

[mandana]

Nice one SARS

 

[Urist]

Just pitty all their hard work ends up in the pockets of...
(take your pick).. one of the cANCerous comrades who are above the law.

 

[DreamKing]

bankrupted, close down, send all the employees go home.

problem solved.

viva anc ..... viva .....

 

[Gaz{M}]

Unlikely to ever see most of that paid.

 

[LazyLion]

Good to see them finally going after some actual Tax Evaders....

Now go get the rest.

 

[ProfA]

Great news. More money for the trough.

 

[surface]

who owns Africa Cash & Carry? All it says is its a family owned business.

 

[TheChamp]

who owns Africa Cash & Carry? All it says is its a family owned business.

Here's one https://www.iol.co.za/news/tycoon-accused-of-fleecing-company-of-r42m-1544041

 

[TheChamp]

Commissioner for the South African Revenue Services v Africa Cash and Carry (Pty) Ltd and Others (49274/2014) [2015] ZAGPPHC 498 (25 June 2015)

www.saflii.org

 

[TheChamp]

I take it those are the family members.

 

[TheChamp]

Cash and carry king has assets frozen and gets hit with R1.2bn tax bill

The SA Revenue Service (SARS) has swooped on Edrees Hathurani, the controversial cash-and-carry tycoon at the centre of a bribery scandal involving the regulator, the Financial Services Board (FSB). On Friday morning, SARS officials served a court order on Hathurani's Africa Cash 'n Carry, a...

www.timeslive.co.za

 

[surface]

Here's one https://www.iol.co.za/news/tycoon-accused-of-fleecing-company-of-r42m-1544041

arrested numerous times for siphoning off millions. SARS should just close lenasia for a week and there will be enough money for 10 SAA bailouts. Close off fordsburg - 10 Eskom bailouts.

I take it those are the family members.

yeah - looks like cousins fighting each other.