A Gqeberha man, his boss, and the security company he works for, have been implicated in an alleged tax fraud scheme totalling a whopping R9.5m.
Wiseman Mkhululi Ntshangase, Mpho Gift Moerane and Bukhoebethu Consulting Pty Ltd face charges primarily related to fraud involving VAT and income tax returns submitted to the SA Revenue Service.
Ntshangase is the sole director and owner of the security firm.
They face 18 counts of fraud with alternative charges under the Tax Administration Act.
It is the state’s case that the accused failed to accurately declare VAT and income tax to Sars between April 2019 and February 2022.
The charge sheet states that the discrepancies in VAT returns were identified, resulting in alleged significant under-declarations and financial prejudice to Sars.
It states further that the accused allegedly submitted false VAT 201 returns with incorrect output and input tax figures deliberately misrepresenting the company’s financial status.
According to the state, the alleged under-declared output tax was valued at R3,848,105.94 and the actual prejudice suffered by Sars regarding VAT was R3,203,487.64.
The actual prejudice suffered by Sars regarding company income tax was R3,153,270.32 and additional income tax prejudice was R1,721,374.76.
Both accused handed themselves over at the Gqeberha commercial crimes court earlier this week.
They were then processed at the Mount Road police station before appearing in the city’s magistrate’s court on Tuesday, where they were granted bail of R3,000 each.
The prosecution did not oppose bail.
It was placed on record that the accused had been aware of the investigation since the previous year and maintained regular communication with the SAPS.
The matter was postponed and transferred to the commercial crimes court, with arrangements made for the defence to obtain copies of the docket.
Additionally, it was noted that Ntshangase had a separate pending matter involving alleged theft related to an illegal power connection.
The men are due back in court on July 14.
The Herald
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