Nkandla: SARS confirms they are investigating Zuma’s R 63 million fringe benefits tax
24 May 2017
The DA welcomes the admission by Advocate Neo Tsholanku of SARS at the SCOPA meeting yesterday that SARS is indeed investigating the liability by President Jacob Zuma to pay tax on the fringe benefits related to his Nkandla private residence.
The DA will now write to SARS Commissioner, Tom Moyane, to ask for a firm commitment to a timeline for the completion of this investigation.
By our calculations, and in terms of the Income Tax Act, President Zuma owes fringe benefit taxes and penalties of R63.9 million on the non-security improvements to Nkandla. This is a massive amount of money that is desperately needed by the fiscus.
Tsholanku, in the SCOPA meeting glibly stated that “our auditors are working as fast as they can” to complete the investigation. However, the reality is that it has been three years since the DA first called on SARS, in March 2014, to assess the extent of the President’s Nkandla fringe benefits.