Sars opposes bid to halt Bosasa liquidation and auction, says company owes more than R500m in taxes
The South African Revenue Service has filed court papers opposing an urgent bid by Jared Watson to halt the auction of corruption accused company Bosasa’s assets.
Watson launched the urgent application for an interdict on Wednesday afternoon after filing an application to place the companies under business rescue on Tuesday. “Sars is a creditor of the six business rescue companies… in the total amount of R511 million for assessed income tax, Value Added Tax, employee’s tax, unemployment insurance fund and skills development levy,” Lubbe added.
Sars was, however, still analysing the testimonies of numerous witnesses before the tax inquiry, Lubbe added, and the taxman was in the process of finalising letters of finding to the various Bosasa companies in this regard.
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