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FREE STATE – A 43-year-old suspect is expected to appear before the Bloemfontein Magistrates’ Court on 26 February 2024. He will be facing a charge of contravening the Tax Administration Act 28 of 2011. The suspect was served with court summons on Monday, 08 January 2024. A preliminary probe by the South African Revenue Service [...]
The South African Revenue Services (SARS) has welcomed the jail sentences handed down to two Cape Town businesspersons. On Friday, Luis Filipe Duarte D’Almeida Fernandes and Nazmien Warner were sentenced to 16 and 17 years imprisonment, respectively, after pleading guilty 487 counts of VAT fraud and alternative charges such as racketeering, money laundering and corruption. …
Germany’s Deutsche Bank AG agreed on Wednesday 4 January 2016 to pay the U.S. government $95 million to settle a tax fraud lawsuit. The suit, filed in 2014, claimed the German bank used shell companies to evade paying tens of millions of dollars in U.S. taxes in 2000. The government had sought as much as …
Federal prosecutors say that the last defendant in a vast, $48 million cigarette tax fraud scheme has been sentenced, ending a case that stretched across the country and around the globe. Kerry Harvey, the U.S. Attorney for the Eastern District of Kentucky, announced Friday that 54-year-old Anthony Cosica was sentenced to serve two years. Eight …
The South African Revenue Service (SARS) has warned tax payers to be on the lookout for fraud and phishing scams where criminals try to gain access to their banking details by sending emails which pretend to be from SARS. “SARS will never ask for personal, tax banking or eFiling details (passwords, login information, etc) via …