Businessman Christo Wiese owed the SA Revenue Service (Sars) R2 billion, the Sunday Times reported. The amount apparently included a R1bn tax bill and penalties. Wiese is contesting the bill levied on his main trading company, Titan, in tax court. Wiese, the chairman of Shoprite and Pepkor, however disputed the report. "Do you think that for 50 years Sars has not been aware of my existence? I'm not hiding anywhere, so if you think I owe you money, send me the bill,” the newspaper quoted him as saying. Sars spokesman Adrian Lackay would not comment.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.