The South African Revenue Service (SARS) has welcomed a preservation order granted against Gold Leaf Tobacco Corporation and two of its directors.<\/P>
The order, in terms of section 163 of the Tax Administration Act, was granted by the North Gauteng High Court on Thursday<\/P>
In a statement, SARS said it had been investigating and clamping down on the illicit economy, focusing on the tobacco, gold and fuel industries over the last year.<\/P>
\u201cThis is one of the many enforcement steps executed by SARS.<\/P>
\u201cSARS is harnessing its capabilities to make non-compliance with legal tax obligations hard and costly to those who are engaged in this criminal pursuit,\u201d said the revenue collector.<\/P>
The preservation order is obtained to prevent realisable assets from being dissipated, thus frustrating the collection of taxes.<\/P>
\u201cThe conduct of non-compliant taxpayers is depriving government of legitimate resources to the prejudice of both the State and the South African public. In aggressively addressing this scourge, SARS will continue to pursue its mandate without fear, favour or prejudice,\u201d says SARS Commissioner, Edward Kieswetter<\/P>
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Source: South African Government News Agency<\/P>
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The South African Revenue Service (SARS) has welcomed a preservation order granted against Gold Leaf Tobacco Corporation and two of its directors.The order, in terms of section 163 of the Tax Administration Act, was granted by the North Gauteng High Co…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n