Cape Town — SARS Commissioner Edward Kieswetter has reportedly urged politicians and civic leaders to reveal their South African Revenue Service (SARS) status to the public.
On Tuesday this week, SARS revealed the tax status of President Cyril Ramaphosa and his companies – Ntaba Nyoni Estate, and Ntaba Nyoni Feedlot – and said they are “compliant” taxpayers.
“… the taxpayers are compliant with their tax obligations to date,” SARS Kieswetter said.
He said this came after “considerable public interest and concern” in the affairs of Ramaphosa and his companies.
Cyril Ramaphosa and Ntaba Nyoni are tax compliant.
SARS says all their books & financials are inorder.
Ramaphosa owes no one.
Not even Arthur Fraser’s stolen $580 000 would make Phala Phala farm non compliant.
You declare money to SARS you’ve used, not a hypothetical income. pic.twitter.com/HXnssFFgpa
— Constitution First ?? (@Constitution_94) March 7, 2023
Speaking to eNCA, Kieswetter expressed his appreciation for Ramaphosa’s consent given to SARS.
“It would be great and encourage other political and civil leaders to similarly reveal, for transparency’s sake, their status,” Kieswetter said.
The Citizen, however, reports that experts still have their eyebrows raised, regarding Ramaphosa’s status, as they still have questions relating to non-compliance with the Financial Intelligence Centre (FIC) Act, the Customs and Excise Act, and the Currency and Exchanges Act.
“I cannot see how the money entered the country legally in the first place. If it did there should have been proper documentation,” the report quoted a former South African Reserve Bank employee.
The report said any bank would have been quite suspicious of anyone trying to deposit or exchange large amounts of dollars.
They would have been obliged according to their internal governance rules to investigate the origin of the money, it said.
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Compiled by Junaid Benjamin
