Register Login Scores

GladAfrica Championship

PSL Sponsors In Hot Water With Taxman

The GladAfrica Management Services, a subsidiary of Premier Soccer League sponsors GladAfrica Group, are in danger of having its assets seized for owing close to 90 million to the South African Revenue Service (SARS).

In a media statement released by SARS on Wednesday, August 11, it has been confirmed that a civil judgement and write of execution has been obtained against the GladAfrica group after they submitted PAYE and VAT returns without making a payment.

The statement reads as follows

Tshwane, 10 August 2021 – The assets of GladAfrica Management Services will be attached by the sheriff after the South African Revenue Service (SARS) obtained a civil judgment and writ of execution against the company after it submitted PAYE and VAT returns without making payment.

The failure to make the payments resulted in a debt of R88-million and was escalated to the SARS PAYE Rapid Response Team which had a series of engagements with the taxpayer between May and August of 2021.

However, a writ of execution was issued today 10 August, which will be followed by the attachment of assets by the sheriff.

SARS Commissioner Edward Kieswetter said one of the organisation’s strategic objectives was to make it hard and costly for taxpayers who do not comply with their tax obligations, no matter who the taxpayer is.

“SARS is becoming increasingly aware of the tendency by companies to submit returns without making the corresponding payments. Such non-compliance will not be tolerated as it is a serious threat to the revenue collection mandate of SARS.

“Companies and their directors must note that SARS will take all action legally possible to ensure compliance and ensure that VAT and PAYE payments are made. As per third party agreement, PAYE is collected from employees on behalf of SARS and is not for the benefit of the company. To then utilize collected tax for other purposes than pay it over to SARS, is a criminal offence.” Mr Kieswetter said.

Striker Finds New Home After Swallows Exit?

Ntshangase's Club Search Challenge Explained

12 Players Available For PSL Clubs

9 comments

Top 5

Managers Who’ve Already Been Sacked This Season

1 Nov 08, 2021 12:26 PM in English Premier League

'Chiefs Didn't Do Justice... I Told Bobby I'm Not Happy'

162 Jan 28, 2022 11:52 AM in Kaizer Chiefs

7 Players Xavi Could Get Rid Of At Barca

5 Nov 09, 2021 01:26 PM in LaLiga

From Boy To Man: Mokoena Sends Touching Message To SSU

5 Jan 28, 2022 08:46 AM in Mamelodi Sundowns

Agent Confirms Mokoena Deal!

222 Jan 25, 2022 02:49 PM in Mamelodi Sundowns

Gallery: Chiefs Get Busy With Camp In Cape Town

24 Jan 24, 2022 11:03 AM in Kaizer Chiefs

Clubless Mabokgwane Closing In On Next Club?

2 Jan 28, 2022 01:32 PM in Siyagobhoza

'World Richest Footballer' Finds New Club

9 Dec 27, 2021 02:35 PM in World News

Pirates Make Decision On Bucs Twin Star?

10 Jan 28, 2022 01:17 PM in Orlando Pirates

All The Stadiums That Will Host Afcon Matches

2 Dec 10, 2021 07:29 PM in African Football