SCA upholds ruling on business owners charged with tax evasion

Malaysia News News

SCA upholds ruling on business owners charged with tax evasion
Malaysia Latest News,Malaysia Headlines
  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 75%

Kieswetter praised the court's decision, stating, 'Many taxpayers try to abuse the system by providing false or zero returns, hiding their actual business activities.'

South African Revenue Service Commissioner Edward Kieswetter is pleased with the Supreme Court of Appeal’s decision to uphold a ruling on a tax evasion case.

This ruling supports Sars’s claim that the business in question failed to properly submit financial data, making it eligible for criminal charges.returns with zeros for both Value Added Tax and Corporate Income Tax , even though SSars claimed that they were making money and incurring expenses.During the investigation, Sars found that the tax information submitted by the business owners was false. Consequently, Sars imposed tax administrative penalties.

One of the business owners accepted the penalties but disagreed with the idea of facing criminal charges as well as the tax administrative penalties, arguing that this amounted to being charged twice for the same offense. The case was then dragged to court where it was found that the business owners had indeed intentionally evaded tax submissions, and convicted them accordingly.Kieswetter praised the court’s decision, stating, “Many taxpayers try to abuse the system by providing false or zero returns, hiding their actual business activities. The court’s decision confirms that this is not just a minor issue; it’s a crime.

He said this ruling showed the importance of thorough investigations into tax evasion and the proper application of penalties for violations. He said Sars would continue to pursue those who deliberately do not comply with tax laws.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheCitizen_News /  🏆 6. in ZA

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Man Attacks Yacht Owner During Vacation for Trying to Steal His BabesMan Attacks Yacht Owner During Vacation for Trying to Steal His BabesA viral video captured a hilarious dispute between yacht owners in Miami as one man accused the other of stealing his girls and his parking spot.
Read more »

Mzansi Cheers on Young Man as He Becomes a Spaza Shop Owner in His Early 20s: 'Never Let It Fall'Mzansi Cheers on Young Man as He Becomes a Spaza Shop Owner in His Early 20s: 'Never Let It Fall'SA man opens spaza shop in South Africa, inspiring many. Netizens express pride in his entrepreneurial move and wish him all the best, sharing sound business advice.
Read more »

Tanzania: Authorities Vow to Address Loopholes Leading to Tax EvasionTanzania: Authorities Vow to Address Loopholes Leading to Tax EvasionTHE authorities here have vowed to leave-no-stone unturned in ensuring people pay tax as per existing laws and regulations, without evasion which leads to loss of public funds.
Read more »

INSIDE: Bontle Modiselle shuts Instagram down with saucy picsINSIDE: Bontle Modiselle shuts Instagram down with saucy picsWhile Bontle Modiselle has her moments behind the scenes, she consistently upholds her beauty for her fans and never disappoints them.
Read more »

Microsoft plans to contest IRS claim it owes $28.9bn in back taxesMicrosoft plans to contest IRS claim it owes $28.9bn in back taxesThe dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the US corporate tax rate.
Read more »



Render Time: 2025-03-11 01:08:22