After Advocate Neo Tsholanku of the South African Revenue Services (SARS) announced at the SCOPA meeting yesterday that SARS is investigating the liability by President Jacob Zuma to pay tax on the benefits related to his Nkandla private residence
The Democratic Alliance has issued a statement where they welcomed the move and further said that they will write to SARS Commissioner Tom Moyane, to ask for a firm commitment to a timeline for the completion of this investigation.
“By our calculations, and in terms of the Income Tax Act, President Zuma owes fringe benefit taxes and penalties of R63.9 million on the non-security improvements to Nkandla. This is a massive amount of money that is desperately needed by the fiscus”.
Tsholanku, in the Standing Committee Of Public Accounts (SCOPA) meeting assured members that their auditors are working ‘as fast as they can’ to complete the investigation.
“Tsholanku’s excuse won’t do. SARS cannot think that South Africans must simply accept a massive delay in enforcing Jacob Zuma’s tax liability. For three years Zuma has gotten away with evading paying tax on his palace of corruption, but that time is up”.
“The former Public Protector, Thuli Madonsela, made it clear that items such as the cattle kraal, the chicken run, the amphitheatre, the visitors’ centre and the infamous “fire pool” built at Nkandla, had nothing to do with security considerations for the President, but only served to benefit his personal property”.
The DA believes that Zuma is also obliged to declare all income and benefits that have accrued to him.
” It seems clear that Zuma did not voluntarily declare to SARS the Nkandla fringe benefits and if this is the case at the end of the investigation, Zuma must also be criminally prosecuted”.
The DA said that they will continue to ensure that the President is held to account for this gross misuse of public funds.