GladAfrica assets at risk over failure to pay R88m in taxes
The assets of GladAfrica Management Services are at risk of being attached by the Sheriff after the South African Revenue Service (Sars) obtained a civil judgment and writ of execution against the company.
This comes after the company submitted tax returns but failed to make payments resulting in an R88 million debt.
The matter was escalated to the Sars PAYE Rapid Response Team which had a series of engagements with the taxpayer between May and August of 2021.
However, a writ of execution was issued on Tuesday.
The move comes amid a renewed bid to haul non-compliant taxpayers.
“Sars is becoming increasingly aware of the tendency by companies to submit returns without making the corresponding payments. Such non-compliance will not be tolerated as it is a serious threat to the revenue collection mandate of Sars,” said Sars commissioner Edward Kieswetter.
“Companies and their directors must note that Sars will take all action legally possible to ensure compliance and ensure that VAT and PAYE payments are made.
“As per third party agreement, PAYE is collected from employees on behalf of Sars and is not for the benefit of the company. To then utilise collected tax for other purposes than pay it over to SARS, is a criminal offence,” Kieswetter added.
ALSO READ:
