20 October 2023 – The Commissioner of the South African Revenue Service (SARS) has welcomed the judgment handed down this week by the KwaZulu-Natal Local Division, dealing with the insolvent estate of Jubilee Plant Hire SA CC (“Jubilee”).
The court decided to refuse to lift the veil of secrecy on the order granted in November 2021 thereby accepting SARS’ application that authorised the inquiry and interdicting the sole member and witnesses in the insolvency enquiry from accessing the information at their disposal. The court further gave a cost order against the owners of Jubilee.
