Dr Shaun Mamkhize is facing R37M tax bill from SARS

Information reaching Kossyderrickent has it that Dr Mamkhize Khize is facing R37M tax bill from SSARS. 

Appearing before the stand on 16 October, MaMkhize was found guilty and ordered by the High Court of South Africa to pay R37, 915, 549.77.

“The Execution Creditor / Plaintiff [SARS] obtained judgment on 16 October 2023 against the Execution / Defendant [Royal AM] for:

“1. The payment of the sum of R37, 915, 549.77 [Thirty-seven million nine hundred and fifteen thousand five hundred and forty-nine rand and seventy-seven cents].

“2. Interest on the sum claimed in paragraph 1 at the applicable rate per annum from 1 November 2023 to date of payment, the said rate[s] of interest and date from which such interest is payable having been determined by the Execution Creditor / Plaintiff [SARS],” the report concludes, as shared by FARPost.

Firstly, MaMkhize is required to settle the sum of R37,915,549.77, which equates to thirty-seven million nine hundred and fifteen thousand five hundred and forty-nine rand and seventy-seven cents. Additionally, she is liable to pay interest on the outstanding amount from 1 November 2023 until the date of payment, with the applicable interest rate per annum determined by the South African Revenue Service (SARS).

At 47 years old, she has been hit with the hefty R37 million tax bill, reflecting the accumulated unpaid taxes she owes.

On 16 October, MaMkhize appeared in court and was found guilty, leading to the High Court’s decision to hold her accountable for the outstanding amount of R37,915,549.77. This significant sum is now due for payment, as determined by the court.