The Pretoria High Court this week ordered the liquidation of GrandAzania, a company owned by Brain Shivambu, the brother of EFF deputy president Floyd Shivambu, over unpaid tax amounting to R11.5 million. Moneyweb CiaranRyan14
The Pretoria High Court this week ordered the liquidation of Grand Azania, a company owned by Brain Shivambu, the brother of EFF deputy president Floyd Shivambu, over unpaid tax amounting to R11.5 million. SA Revenue Services applied for the provisional liquidation after conducting an audit in 2020. It relied on a forensic report which suggested Brian Shivambu, as the sole director and shareholder of Grand Azania, directly or indirectly received gratuities of R16.
Grand Azania was given an opportunity to challenge the Sars assessments, as the company had not filed returns for the 2017 and 2018 tax years. In its answering affidavit, the company claimed Sars’s estimated assessments were unreasonable, contained material procedural defects and were substantially flawed.
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