Malema owes R16m in tax - report
2012-09-23 13:13
Johannesburg - The SA Revenue Service (Sars) has obtained a R16m judgment against former ANC Youth League leader Julius Malema for unpaid taxes, according to a report on Sunday.
The judgment was obtained in the North Gauteng High Court in Pretoria on 11 September, City Press says. (Full report)
Malema did not oppose the application by Sars.
Sars spokesperson Adrian Lackay confirmed the judgment against Malema for R16m was obtained.
He told the newspaper the amount included unpaid taxes, penalties and interest.
Lackay said he could not give any more details of Malema's tax affairs because a "taxpayer's confidentiality is a legal obligation imposed on Sars".
According to the report Sars was about to seize Malema's property and assets in Gauteng and Limpopo.
'Hell of a lot of money'
Alan Lewis, a tax law consultant and advocate, told City Press the judgment showed two things: Malema had a "hell of a lot of money" and he was in deep trouble.
Lewis, a former Sars employee, said the revenue service would most likely hand the judgment to a sheriff of the court, who would attach Malema's properties and assets.
Sars started looking into Malema's tax affairs last year after it was revealed that he was linked to companies which had obtained lucrative contracts from the Limpopo provincial government.
Millions of rands were channelled through Malema's Ratanang Family Trust, according to the report.
- SAPA
