Picture: Freddy Mavunda © Business Day
The investigation carried out by the commission’s legal team has revealed what appears to be an elaborate scheme of looting, in which monies were siphoned out of MWB for the benefit of officials and employees within the water board.In a related matter, the Free State Development Corporation received monies from the state for an RDP housing scheme in Vrede in 2015, with contractors – including an entity named VNA Consulting – paid by FDC.
Why didn’t the commission request the Vat invoices, annual financial reports, income tax returns, and IRP5 returns for deductions from payments to staff? Perhaps it did and nothing was forthcoming. If a criminal or money launderer has received say R2 million and has paid it over to someone else, the R2 million receipt is taxable. But the R2 million payment is not deductible. The receipt of bribes is taxable. The paying of bribes is not deductible.The proceeds of crime are taxable.Now that Sars is back on track and desperate to harvest low-hanging fruit before the end of March, one can only hope that it has been following the proceedings of the commission avidly.
What about these foreign owned super-markets that front as spaza shops, they rarely do posses trade certificates and SARS registration documents?
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