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The Taxman cometh for Cassper Nyovest…again!

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Oct 30, 2021

South African Revenue Services (Sars) reportedly issued South African rapper Cassper Nyovest with a letter of demand on 19 October to settle his overdue amount of his record label within 10 business days. 

FAMILY TREE RECORDS IN TROUBLE WITH SARS

City Press revealed that Cassper Nyovest is in trouble with Sars again. The publication reports that the rapper’s record label — Family Tree Records — owes the revenue service R135 155.19 in income taxes. Family Tree Records was issued a final letter of demand by Sars to settle the outstanding amount within 10 days from 19 October. 

If the Mama I Made It hitmaker did not settle his taxes by 29 October his company assets would be seized by the Master of the High Court. 

ALSO READ: ‘A whole mood’: Cassper Nyovest twerks on stage! [watch]

NOT THE FIRST TAX ISSUE FOR CASSPER 

This is not the first time Cassper has had trouble with the tax man. In 2019, Sunday World revealed that Sars filed court papers against Family Tree Media for allegedly failing to settle R3.6 million in unpaid income tax. 

The publication reported that Cassper’s company owed Sars R3 076 140, 32 in income tax. However, the debt ballooned to R3 690 570.97 with interest and penalties. 

In July 2020, the publication reported that the Southern African Music Rights Organisation (Samro) applied for an order to liquidate Cassper’s record label. This was reportedly after the rapper allegedly failed to pay them close to R500 000 in royalties for his Fill Up the Dome show. 

In an episode of Dinner At Somizi’s Cassper revealed that he was not educated enough to know he was owing that amount of money.

“The fault is not with Sars problem for me it starts with the education because you go to school and you don’t get taught about tax and you are supposed to and then one day they send you a letter to say ‘bro you are owing’,” said Cassper. 

SOMIZI’S LOUIS VUITTON BAGS SEIZED FOR UNPAID TAXES

While Somizi himself could probably relate. In 2017, media personality Somizi Mhlongo also had some trouble with the tax man. Sunday World reported that the former Idols SA judge owed Sars R2.2 million which thereafter increased to R2.5 million. 

Zalebs reported that the repo man was sent to Somizi’s home to seize assets which included 15 Louis Vuitton bags, a crocodile skin couch and 83 pairs of shades among other expensive assets.

ALSO READ:R9m in unpaid taxes: The Taxman cometh for Major League DJz…

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