SARS loses Millions in Tax Fraud

Why SARS loses millions in tax fraud every other day?

The South African Revenue Services – SARS loses millions in tax fraud case. A 39-year-old Sifiso Innocent Mabuza was released on a whopping R100 000.00 bail at the Nelspruit Magistrate court.

Mabuza stands accused of tax evasion charges, related to his company Shishila Rural Trading.

He was arrested by Hawks following an investigation concerning a fraud case that transpired between 2018 and 2021.  He is charged with the contravention of the Tax Administration Act and fraud.

How Alleged Sifiso Mabuza defrauded SARS?

The state alleged that the accused, submitted fraudulent Tax returns to South African Revenue Services (SARS), which prejudiced SARS of an amount worth over R28 million.

“The accused was arrested after a warrant of arrest was issued. During that time, Mabuza was the director of Shishila Rural Trading whereby he submitted fraudulent tax returns to South African Revenue Services (SARS) and prejudiced the receiver of revenue an amount of R28 million. The investigation team traced Mabuza and he promised to hand himself over which he never did,” said Hawks spokesperson captain Dineo Sekgotodi.]

Sifiso Innocent Mabuza’s Warrant and Subsequent Arrest

The court then issued a warrant for his arrest and the team utilised several tactics to assist in securing his appearance in court including circulating his pictures on social media.

Mabuza has more than ten properties in Mpumalanga, Gauteng, Durban, and Limpopo registered under his name and all the addresses have to be verified before he attempts a bail application. 

Properties Owned by Sifiso Mabuza?

His bail application includes surrendering his passport to the investigating officer, not having contact with witnesses in the matter, and that he reports to the investigating officer when leaving the Mpumalanga Province.

The matter has been postponed to 06 July 2022 for further investigation. Sars keeps taking a blow to tax criminality.