Friday, July 19, 2024

Family Tree Allegedly In Trouble With The Taxman

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Founder & Chief Creative Mind at Hiphop Africa

Family Tree Allegedly In Trouble With The Taxman. Family Tree Records is in the news again and this time it’s not for who is signed to the label but rather the label tax issues. Family Tree Records is award-winning rapper Cassper Nyovest’s record label. Family Tree was launched in 2014 and is an independent record label, the stable was once home to rappers such as Nadia Nakai, Tshego and Chad the Don. At the present moment, Casper is the only artist that is signed to the label. According to a new report by newspaper City Press, Family Tree is not in the good books of the taxman.

According to a report by the publication, Casper’s stable is said to be owing income taxes which amount to R135 155.19 to the South African Revenue Services (SARS). It is reported that SARS has issued a final letter of demand to the award-winning rapper demanding that they settle the outstanding amount in 10 days if they fail to do so the company will be attached by Sars. The taxman is notorious for coming after the famous faces of South Africa recently Zahara was also in trouble with the taxman and almost faced arrest. Cassper has been mum on the report this is probably why Cassper doesn’t want to reveal much about his assets especially when it comes to his cars.

Cassper Shares What The Biggest Anti Climax Of His Career Was

This is not Casper’s first time running into trouble with the taxman a few years ago the rapper found himself in trouble with the taxman over unpaid taxes amounting to R12.9 million. One would have assumed that Casper by now would have been more educated when it comes to matters of SARS and avoid trouble. During his interview on Somizi Mhlongo’s cooking talk show had spoke about his experience of being in trouble with the taxman. 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. “All I kept thinking was ‘yoh Cassper Nyovest on the front page.” I was just thinking of the day my cars were in a truck,” shared Cassper.

In 2019, the rapper admitted that he had a tough year financially and got candid with his fanbase about SARS coming down on him hard. He also shared that his Fill Up Moses Mabhida concert also left him in debt. “Even this year. Probably my toughest financial year in a looooooong while. Mabhida hurt my pockets and then the tax man also came down on me but God still made a way,” tweeted Cassper at the time.


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