Cassper Nyovest Allegedly Owes SARS Millions
Cassper Nyovest is reportedly facing a big lawsuit filed by SARS which claimed he owes over R3 Million.
According to the latest reports by Sunday World the rapper’s label company Family Tree Media has accumulated 3,6 million rands in unpaid income tax. In a letter seen by the Sunday World increased from 3 million to 3,6 million rands after the penalties and interests had been added by SARS. Failure to co-operate, SARS will then obtain a warrant of execution which will serve as a threat, in order to seize the company’s assets and sell them in order to raise the owed amount, the letter furthers stated.
The South Gauteng High Court issued out a letter of demand to the Family Tree Headquarters, stating that in exactly ten days, a full payment has to be made to SARS.
”As you may be aware, SARS is not in a position to divulge specific information and details on the affairs of taxpayers. SARS is bound by Chapter 6 of the Tax Administration Act, 2011, dealing with confidentiality of information, and more specifically section 69 of the act, which provides for the secrecy of taxpayer information. This includes investigations into taxpayers or traders.” said SARS spokesperson, Sandile Memela speaking to Sunday World.
