Group tries to defraud SARS of R2-million
According to the company, they paid an amount of R266 230 423 to their employees and were seeking to claim this figure as a VAT refund.
The South African Revenue Service (SARS) foiled an attempt by a group of individuals to defraud the fiscus of over R2-million.
The individuals, representing a registered company in South Africa, claimed the amount as a fraudulent Value Added Tax (VAT) claim earlier this year.
According to the company, they paid an amount of R266 230 423 to their employees and were seeking to claim this figure as a VAT refund.
Suspecting fraudulent activities, the SARS requested supporting documents.
The documents confirmed that the refund was indeed fraudulent.
With the assistance of the SAPS, the group was arrested at the SARS head office this week yesterday on charges of fraud.
Early indications suggest the group’s alleged criminal activities are not solely limited to fraudulent VAT refunds, but also include building and company hijackings.
The SARS is acutely aware of individuals and groupings who aim to defraud the country’s tax system.
Members of the public are reminded that the SARS remains vigilant in detecting fraud and views such acts seriously.
