{"id":194022,"date":"2017-08-23T08:50:20","date_gmt":"2017-08-23T06:50:20","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=194022"},"modified":"2017-08-23T08:50:20","modified_gmt":"2017-08-23T06:50:20","slug":"how-much-money-the-guptas-say-they-really-earn","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/194022\/how-much-money-the-guptas-say-they-really-earn\/","title":{"rendered":"How much money the Guptas say they really earn"},"content":{"rendered":"<p>The latest from the eponymous Gupta leaks shows exactly how much the controversial brothers declared in taxable income between 2011 and 2013.<\/p>\n<p>Investigations by amaBhungane and the Daily Maverick&#8217;s Scorpio show that for three years &#8211; 2011, 2012 and 2013 &#8211; the Guptas submitted to SARS that they were taking home less than R1 million in personal income annually.<\/p>\n<ul>\n<li>In 2011, Rajesh Gupta declared <strong>R965,000<\/strong> in taxable income, with R315,670 going to PAYE.<\/li>\n<li>In 2012, Ajay Gupta declared<strong> R935,000<\/strong>, of which R299,196 was taxed.<\/li>\n<li>In 2013, Atul Gupta declared <strong>R1,087,616<\/strong>, of which R376,186 went to PAYE.<\/li>\n<\/ul>\n<p>Tax experts, speaking to the investigative journalists, said that it was incredibly difficult to align these figures with the Guptas&#8217; widely reported lavish lifestyle &#8211; which includes private jets, a R16 million property in Saxonwold and a R331 million mansion in Dubai, as well as the infamous R30 million 2013 wedding.<\/p>\n<p>In 2016,\u00a0Atul Gupta was ranked as the 7th richest black businessman on the Sunday Times Rich List.<\/p>\n<p>Previous leaks from the Gupta email trove showed that the wedding was declared as a business expense, and other emails have indicated that this was common practice for the family.<\/p>\n<p>However, the tax experts said that this in itself was highly irregular, and questioned why the family had not been flagged by SARS.<\/p>\n<p>&#8220;Given the volume of highly public information available about the Guptas, red flags should have been raised at SARS about the amounts they were declaring in taxable income,&#8221; they said.<\/p>\n<p><em><strong><a href=\"http:\/\/amabhungane.co.za\/article\/2017-08-23-guptaleaks-questions-surround-guptas-minimal-tax-returns\">You can read the full report on amaBhungane<\/a><\/strong><\/em>.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/media\/193546\/guptas-sell-ann7-and-the-new-age-for-r450-million\/\" rel=\"bookmark\">Guptas sell ANN7 and The New Age for R450 million<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest from the eponymous Gupta leaks shows exactly how much the controversial brothers declared in taxable income between 2011 and 2013.<\/p>\n","protected":false},"author":10,"featured_media":189628,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-194022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/194022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=194022"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/194022\/revisions"}],"predecessor-version":[{"id":194042,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/194022\/revisions\/194042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/189628"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=194022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=194022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=194022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}