Zuma must pay R63.9m in Nkandla tax benefits: DA

2016-07-07 13:07
President Jacob Zuma. (AFP)

President Jacob Zuma. (AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - President Jacob Zuma should pay R63.9m in tax benefits for upgrades to his homestead in Nkandla, the Democratic Alliance said on Thursday.

“This is about how much tax he owes for the upgrades at Nkandla, for which he is personally liable,” DA leader Mmusi Maimane said in a statement.

The amount was calculated in accordance with tax legislation around fringe benefits. He suggested this applied to cases where an employee was liable for tax on an asset they had, but which their employer paid for.

The African National Congress dismissed the DA’s figure as “bizarre lies”, while the presidency said Zuma's taxation affairs were "regular and in order".

"[Zuma] is fully compliant with the laws and regulations as administered by the South African Revenue Services," said presidency spokesman Bongani Ngqulunga.

ANC national spokesperson Zizi Kodwa said the claim that Zuma was liable for the fringe benefits was “ballyhoo” and “ludicrous”.

READ: Zuma apologises to the nation for Nkandla

Maimane said the party arrived at the figure of R63 881 503 through an analysis of tax law and supporting documentation.

The taxable fringe benefit was R145 185 235, on which tax would be due at a rate of 40%. The final figure included a 10% penalty for late payment, Maimane said.

“In addition to this amount, there would be interest payable from the date that the tax became due and payable.”

Maimane called on Zuma to allow his tax records on Nkandla to be made public.

On June 27, National Treasury released a report in which it stated that Zuma should repay R7.8m for non-security upgrades to his Nkandla homestead.

This followed the Constitutional Court’s ruling on March 31, in which it gave National Treasury 60 days to determine the reasonable costs of the non-security upgrades to Zuma’s Nkandla home.

On Thursday, Maimane said his party would write to Sars commissioner Tom Moyane to determine if the organisation had conducted a forensic audit to determine Zuma’s tax liability, and if it had received any money in connection with this issue.

Here's what Twitter users have to say about the Nkandla upgrades:

Read more on:    da  |  anc  |  jacob zuma  |  mmusi maimane  |  nkandla upgrade  |  politics  |  corruption

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.