South African TV Personality Bonang Matheba Has Been Charged With Tax Fraud
South African television personality and radio host, Bonang Matheba, on Wednesday, made an appearance in the Johannesburg Specialised Commercial Crimes court over alleged tax fraud.
Matheba has been charged for allegedly not paying personal tax from 2008 to 2017, and company tax from 2014 to 2017, reports South Africa’s Daily Sun.
The Television personality was expected to appear on September 27, but missed her appearance because she was overseas.
The court granted a postponement of the case to 27 November 2018.... A warrant of arrest will be issued to Matheba if she fails to appear in person.
You will file for a year's personal income tax at the state board of internal revenue and company tax at FIRS within the first 90days of a new year. If it's only business name you register, you only pay personal income tax, but if it is a limited liabilility company, you pay both personal income and company tax. That was the understanding I got from a tax consultant recently.
You ought to have opened a bank account for your business name where you receive all business related payments. Lumping all the money in your account will expose you to being liable to pay all the taxes related to your business. Including VAT which the tax authority may decide to levy at 5% on the gross amount in your account. Again it does not make business sense and good record keeping sense to lump your business money with your personal money in the same account. No let the FIRS and LIRS pay you a red eye visit o!
Disclaimer: Comments And Opinions On Any Part Of This Website Are Opinions Of The Blog Commenters Or Anonymous Persons And They Do Not Represent The Opinion Of StellaDimokoKorkus.com
Pictures and culled stories posted on this site are given credit and if a story is yours but credited to the wrong source,Please contact Stelladimokokorkus.com and corrections will be made..
If you have a complaint or a story,Please Contact StellaDimokoKorkus.com Via
Sdimokokorkus@gmail.com Mobile Phone +4915210724141
Thieves everywhere.
ReplyDeleteNawa
ReplyDeleteAll our actors and actresses do they pay tax? Let me not go far how many people pay tax in this country if not private and public servants
ReplyDeletena real wah
ReplyDeleteSlay mama but why??
ReplyDeleteHow does this tax thing work especially if you are a business person?
ReplyDeleteIt works when you register your business name with CAC. Then you get a corporate/business account in your registered name.
DeletePrepare to get visits from Tax bodies.
You will file for a year's personal income tax at the state board of internal revenue and company tax at FIRS within the first 90days of a new year.
DeleteIf it's only business name you register, you only pay personal income tax, but if it is a limited liabilility company, you pay both personal income and company tax. That was the understanding I got from a tax consultant recently.
I registered a business name but I use my normal bank so how will I pay tax with that?
DeleteYou ought to have opened a bank account for your business name where you receive all business related payments. Lumping all the money in your account will expose you to being liable to pay all the taxes related to your business. Including VAT which the tax authority may decide to levy at 5% on the gross amount in your account. Again it does not make business sense and good record keeping sense to lump your business money with your personal money in the same account. No let the FIRS and LIRS pay you a red eye visit o!
DeleteHian!
ReplyDeleteNawaoh
Delete