DJ Sbu slapped with R15 million tax bill
DJ Sbu slapped with R15 million tax bill, Award-winning musician and media temperament Sbusiso Arthur Leope has been cuffed with a humongous R15-million account by the South African Revenue Service (SARS).
The publication has learnt that respiratory disorder obtained a judgment against the previous railroad FM DJ, popularly referred to as DJ Sbu, at the Joburg court last week when he didn’t pay the money.
According to court papers, that we’ve seen, Leope owed the collector of internal revenue slightly below R5-million for private tax however the quantity ballooned to over R14-million when quite R4.4-million extra tax and R4.7-million interest were extra to the debt.
It seems that this can be the second judgment respiratory disorder has obtained against Leope, United Nations agency coowns one among South Africa’s picture record label TS Records with businessman-turned-politician Thembinkosi “TK” Nciza.
According to the papers, respiratory disorder obtained the primary judgment against Leope, the founding father of common energy drink Mo Faya, in 2018 when he didn’t settle over R2.2-million in tax.
When the collector of internal revenue applied for a judgment against him, it pleaded with the court to withdraw the previous one and replace it with the one with the upper quantity.
“In terms of the Tax Administration Act, the South African Revenue Service herewith withdraws the certified statement filed in respect of the on top of remunerator. Kindly endorse each copies of this notice, amend the court record consequently and come one copy as confirmation of the withdrawal to the address on top of,” reads the letter dated Oct nineteen.
Attempts to solicit a comment from Leope John Drew a blank as he neglected phone calls and didn’t answer the text message sent to him.
Leope’s tax woes return a number of months when music pair majors DJZ were hit with a R9-million account, whereas Gang of Instrumental lead singer Tumi Masemola received a R1.4-million account.
Other celebrities United Nations agency found themselves on the incorrect facet of the law for not being tax compliant embrace Bonang Matheba, rapper Kiernan “AKA” Forbes, Kaizer Chiefs goalkeeper Itumeleng Khune, and his boss officer Motaung, and actor Rapulana Seiphemo, among others.
Aubrey Moeng, the chief executive officer of TTP Consulting, aforesaid respiratory disorder had been a thorn to several South Africans and musicians specifically, as a result of their inability to manage their tax affairs.
He aforesaid artists ought to submit their returns on time and if they were indebted to respiratory disorder, that they had associate degree choice to object or attractiveness the tax outcome of the quantity in question. “If they agree on the quantity, they’ll request payment arrangement if they don’t have funds or apply for tax compromise. By doing this, they may avoid spare penalties and judgments from respiratory disorder.”
Thabile Dlamini of Motolo Dlamini money and Assurance Services, suggested artists to deduct tentative tax amounts from royalties-collecting societies or music promoters; sponsorships or endorsements and invest them.
“This is very important in order that they may use a number of those savings
to pay their tax bills once the tax season arrives,” she said.
She conjointly aforesaid respiratory disorder ought to concerning|contemplate|take into account} operating with tax practitioners and music business stakeholders to conduct tax workshops to teach artists or individuals within the artistic business about tax compliance.
“When everyone is tax compliant, there would be no want for respiratory disorder to get a judgment against them or perhaps attach their assets,” extra Dlamini.
Leope failed to answer many makes an attempt for comment.