- Company director is liable for payment of VAT, administrative penalties, and interest due by the company he represents
- Director is responsible for VAT compliance and can be held liable for unpaid taxes
- Director cannot dispose of company funds or property without making provisions for tax payment
- Commissioner enforces collection of unpaid taxes by company directors
- Director can be held liable for tax only up to the value of company assets under his control if he acted in good faith
- Company director is jointly and severally liable for tax payment unless he can prove good faith and compliance with VAT Act obligations
- Verdict: Statement is True.
Source: zampadebattista.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
