DA urges SCOF to investigate SARS’ role in VAT refunds
30 April 2018
The DA will write to the Chairperson of the Standing Committee on Finance, Yunus Carrin, to request that the parliamentary legal services provide the Committee with an opinion on possible limitations to the disclosure limitations as contained in Chapter 6 of the Tax Administration Act No. 28 of 2011.
This comes on the back of media reports today alleging that the South African Reserve Service (SARS) paid out R 100 million in fraudulent VAT refunds to people and/or entities linked to the Guptas. This simply indicates that the SARS systems are either not working or have deliberately been subverted by insiders at SARS.
There must surely be questions to be asked as to how the members and or directors of Shaz Trading could have amassed the array of assets that are listed in the media report and amount to in excess of the R 61,8 million allegedly frozen by the Asset Forfeiture unit.
These assets include nine houses in Centurion, watches worth R 5,2 million, a farm and four other houses. This enormous wealth in assets indicates that Shaz Trading must have been so successful that it was able to pay its members/directors, members of the Joosab family, enormous salaries, directors fees or dividends. This does not seem plausible and the obvious question is whether or not SARS has done lifestyle audits of all the persons involved?