COMPANY FINED FOR FAILING TO SUBMIT TAX RETURNS

WESTERN CAPE – A company operating under the name Meadow Brooks Properties 94 CC was fined R10 000 and R27 000 respectively by the Bellville Magistrates’ Court on 65 counts of contravening Income Tax Act and Value-Added Tax Act while the case against the director was withdrawn.

Investigation by the Hawks’ Serious Commercial Crime Investigation team and the auditors of the South African Revenue Service (SARS) revealed that the company failed to submit income tax returns from 2008 to 2018.

The company pleaded guilty in court on 13 October 2021. The R10 000 fine was suspended for five years whereas the accused must pay R7000 from the R27 000 fine.