SARS hits single taxpayer for whopping R155 million

SARS hits single taxpayer for whopping R155 million

The South African Revenue Service (SARS) has obtained a provisional sequestration order worth R155 million against an individual taxpayer for serious tax non-compliance, marking another decisive step in its ongoing clampdown on defaulters. The order, confirmed by the North Gauteng High Court, allows SARS to seize the taxpayer’s assets to recover outstanding debts. Legal action According to Tax Consulting SA, the individual was the sole director …