Will Beta

Main Menu

  • Volatility
  • Systematic Risk
  • Returns Of Assets
  • Beta Data
  • Finance Debt

Will Beta

Header Banner

Will Beta

  • Volatility
  • Systematic Risk
  • Returns Of Assets
  • Beta Data
  • Finance Debt
Returns Of Assets
Home›Returns Of Assets›Pretoria medics’ assets tied to R52m tax debt

Pretoria medics’ assets tied to R52m tax debt

By Rogers Jennifer
February 25, 2022
0
0

A general view of a SARS building

Photo Gallo Images/Jacques Stander

Two diagnostic radiologists had their practice assets seized by the High Court Sheriff over overdue tax returns and a huge tax debt of R52 million, SARS said on Friday evening.

The two radiologists, who run a practice in Pretoria, asked SARS for a compromise, which was refused, the tax agency said in a statement.

According to SARS, the refusal letter and a final letter of formal notice were ignored. The debt arises from submitting various returns to SARS, including corporation tax, Pay-As-You-Earn (PAYE) returns, and value-added tax (VAT), with no payment over a period of three years, SARS said.

SARS also said the sheriff auctioned the assets of a Gauteng electrical contracting firm, valued at around R20 million, for non-compliance that lasted two years.

SARS Commissioner Edward Kieswetter said the “overwhelming majority” of taxpayers were honest.

“However, willful and criminal non-compliance, regardless of the source, will not be tolerated. SARS will use every legal instrument at its disposal to make it difficult and costly for these taxpayers and merchants,” said the commissioner at SARS.

On Thursday, Fin24 reported that two SARS employees had been arrested after they allegedly demanded 150,000 rand to cancel an unpaid tax bill.

We live in a world where fact and fiction collide

In times of uncertainty, you need trusted journalism. For only R75 per month, you have access to a world of in-depth analysis, investigative journalism, better opinions and a range of features. Journalism strengthens democracy. Invest in the future today.

Related posts:

  1. Best aggressive hybrid fund ranked by CRISIL with 1-year returns of up to 50%
  2. Harbert United States Real Estate Fund VII, LP announces
  3. The real estate investment company PAG Investments becomes
  4. Billionaire Howard to pay back cash from secret fund

Recent Posts

  • Racing Louisville uses transfer window to build asset base
  • Global Beta-Eudesmol Market 2022 to 2028 Growth Prospects and Key Industry Players Santa Cruz Biotechnology (SCBT), Merck KGaA (Sigma-Aldrich), AdooQ – Instant Interview
  • Saris Cycling Group, victim of the “Covid whiplash”, restructures to be sold
  • Fatigue Impacts Sexual Problems in Chinese Women With Systemic Lupus Erythematosus | BMC Women’s Health
  • Investor opinion: “Baillie Gifford taught me…

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021

Categories

  • Beta Data
  • Finance Debt
  • Returns Of Assets
  • Systematic Risk
  • Volatility
  • Terms and Conditions
  • Privacy Policy