ELLERINE HOLDINGS LIMITED
Registration number 1968/013402/06
SOUTH AFRICAN REVENUE SERVICE
A JOINT STATEMENT BY SARS AND ELLERINES
The South African Revenue Service (SARS) and furniture retailer Ellerines
announced today that the retailer voluntarily submitted to an audit of aspects
of its importation as part of a cooperative approach to Compliance by business
and SARS.
The investigation by SARS' forensic experts in conjunction with representatives
from Grant Thornton Kessel Feinstein, a firm of chartered accountants, centred
on whether Ellerines met its obligations regarding custom duties and VAT.
The investigation found that the furniture retailer was fully compliant with
SARS' requirements.
The audit is in line with a recent undertaking by retailers to support a
compliance campaign by SARS to stem tax and duty evasion in the industry.
The two organisations expressed hope that the other players in the industry
would follow the example set by Ellerines.
Pretoria
12 March 2001
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