President Zuma may be liable for Nkandla taxes of up to R105million - tax lawyer

The State would have to pay tax to The State on the fringe benefit that it created for the President as an employee of The State.

Bruce Whitfield, The Money Show

What are the tax complications of the Nkandla bill?

The Money Show’s Bruce Whitfield interviewed Patricia Williams (Partner in the Tax Practice at Bowman Gilfillan Africa) to find out.

Scroll down for quotes from the audio below.

You’re supposed to pay Donations Tax on any donations.

Patricia Williams, Bowman Gilfillan Africa

Sars argued in the case of Julius Malema that politicians who receive donations should pay income tax.

Patricia Williams, Bowman Gilfillan Africa

There is a possibility of double taxation.

Patricia Williams, Bowman Gilfillan Africa

The amount our president pays back is not for a fringe benefit.

Patricia Williams, Bowman Gilfillan Africa

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Article brought to us by Old Mutual.


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