Black Coffee negotiates R40m Sars bill down to R8m

DJ Black Coffee. Image: Supplied

According to the DJ, his ‘present financial position’ has resulted in an inability to comply with the Sars’ R40 million assessment of his tax obligations.

After making representation on his “present financial position” and an inability to comply with the South African Revenue Service’ (Sars) R40 million assessment of his tax obligations, popular South African musician Nkosinathi “Black Coffee” Maphumulo is now only obligated to pay R8 million.

In a recent report, City Press cited legal papers submitted by Black Coffee at the Johannesburg High Court recently in which he said he was willing to dispose of his immovable properties to generate funds to pay the R8 million.

This was reportedly specifically done to avoid the attachment of his other properties.

Both Sars and Black Coffee’s representatives refused to comment on the matter to the publication.

However, the DJ stated that it was difficult to estimate an expected monthly income due to the ever-changing nature of his career.

“Considering the nature of his business, it is impossible to predict or state his average monthly income due to the fact that it fluctuates substantially as a result of not only market forces, but also the seasonality of the industry.”

In 2017, Forbes magazine listed Black Coffee among Africa’s richest and “most bankable” artists.

Despite numerous reports, however, there is no official consensus on his actual net worth. It has been estimated to be in the multimillion-dollar range.

READ NEXT: Enhle Mbali wishes Black Coffee well but still wants him to pay up 

For more news your way, download The Citizen’s app for iOS and Android.



 


 

 

today in print