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SA boxer owes SARS R400 000

2011-07-13 10:44
Cassius Baloyi (Gallo)
Johannesburg -  Former six-time world champion boxer Cassius Baloyi says he is shocked at revelations that he owes the South African Revenue Service about R400 000 in taxes, reports the Sowetan.

Baloyi a six-time world champion in three different weight divisions told Sowetan he was informed by the taxman that he owed about R400 000.

"They said I did not return my IRP5 forms for the years 2005, 2006, 2007 and 2008," Baloyi said on Tuesday.

"I am shocked and disappointed because Boxing SA deducted 25 percent tax from my purse money every time I fought over these years.

"So I have always been under the false impression that I'm up to date with my taxes."

Baloyi said he did not get his IRP5 forms from BSA, which was supposed to issue them to the fighter as proof that his tax had been paid on his behalf.

"I discovered that I owed taxes when I tried to submit my IRP5 forms for the years 2009 and 2010," explained Baloyi, who fought twice in 2009 and once last year.

Baloyi's lawyers sent a letter to Boxing SA chairperson Peter Ngatane on April 28 and requested a reply regarding Baloyi's tax issue within seven days. They have not received a reply.

However, Ngatane said on Tuesday: "I'm surprised that he says he did not receive his IRP5 forms and that he owes money. It is easy to blame BSA when the responsibility of your taxes lies with you as a professional ."

Read more on:    cassius baloyi
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