Compliance: SO8

  • SO8 Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations.

    Corporate governance report 2014:

    Barloworld Equipment in Lesotho received a fine for a total amount of R5.6 million in relation to non-compliance with tax laws, namely incorrect information for VAT returns and deemed 'under-declaration' of taxable income, which included PAYE for expatriate employees, Withholding Tax and Fringe Benefit Tax.