01 November 2021
Writer: Sphe J Hadebe
More artists in South Africa are getting in trouble with the Revenue services and could lose lot of their assets should they fail to comply.
Not so long ago, we reported on Zahara who has been issued with a warrant of arrest for failing to adhere to the court regulations regarding her tax. This comes after she failed to get her tax returns in order.
Now, we have learnt that SARS has reportedly issued another artist in Mzansi with a letter of demand.
According to City Press, Cassper Nyovest has been served with a letter of demand on 19th of October to settle his overdue amount of his record label within 10 business days.
City Press reports Cassper's record label- Family Tree Records- owes the revenue services of R135 155.19 in income taxes. Family Tree Records was issued with a final of demand by SARS to settle the outstanding amount within 10 days from 19 October.
If Cassper hitmaker did not settle his taxes by 29 October his company assets would be seized by the Master of the High Court.
It will be remembered that this is not the first time Cassper had trouble with the tax man. In 2019, it was reported that SARS filed court papers against Family Tree Media for allegedly failing to settle R3,6 Million in unpaid income tax.
The total amount that Cassper's company owes to SARS is R3 076 140,32, in income tax.However, the debt ballooned to R3 690 570.97 with interest and penalties.
In July last year, it was reported that the Southern African Music Rights Organisation (Samro) applied for an order to liquidate Cassper’s record label. This was reportedly after the rapper allegedly failed to pay them close to R500 000 in royalties for his Fill Up the Dome show.
During the episode of Dinner at Somizi's, Cassper revealed that he was not educated enough to know he was owing that amount of money.
“The fault is not with Sars problem for me it starts with the education because you go to school and you don’t get taught about tax and you are supposed to and then one day they send you a letter to say ‘bro you are owing’,” said Cassper.
Content created and supplied by: Mzansicelebritynews (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More