Economic Freedom Fighters (EFF) leader Julius Malema has been cleared off his tax worries.

South African Reveunue Services (SARS) has withdrawn the sequestration order against Malema citing lack of evidence at the North Gauteng High Court in Pretoria.

Following the court victory, Malema announced that he forgives those who "influenced SARS to come after me".

"I will never do anything to harm this country, this is our South Africa, our inheritance, who we are," he said.

The provisional sequestration order was granted in February last year because Malema owed a tax debt in the region of R18-million related to assessed income tax‚ additional tax and interest for the years 2005 to 2011.

In May last year‚ Malema made an offer to settle his tax debt. However In April this year‚ SARS indicated it wanted to apply for a final order for the sequestration of Malema’s estate because he had reneged on his undertaking to comply with his obligations in terms of the settlement offer.

#Malema strange turn of events... we take a lunch break, when we go back into the courtroom SARS withdraws its application

— POWER987 News (@POWER987News) June 1, 2015

#Malema attorney Tumi Mokoena says SARS approached them during lunch, after considering the merits of its case & said they would drop it

— POWER987 News (@POWER987News) June 1, 2015

#Malema Attorney says two other issues from 2011/2012 are being reviewed otherwise... Malema's tax woes are over

— POWER987 News (@POWER987News) June 1, 2015

The withdrawal of the sequestration charges means that Malema can remain the EFF parliament leader.

Malema thanked his second in command Floys Shivambu for his support throughout the court case.

The provisional sequestration order against Economic Freedom Fighters leader Julius Malema regarding his outstanding tax bill was postponed to June 2015 in the High Court in Pretoria on Monday.

"I rule that the matter be extended to June 1. Costs reserved," Judge Ferdi Preller said.

In August, Malema denied media reports that alleged cigarette smuggler Adriano Mazzotti was helping him pay his tax bill.

At the time there were reports that the SA Revenue Service (SARS) was investigating the source of his tax debt repayments, but it would not comment at the time.

In February last year, Judge Bill Prinsloo ordered that Malema's estate be provisionally sequestrated. In May and again in August, his provisional sequestration was extended and the matter was postponed.

Malema previously admitted he had not attended to his tax affairs the way the law required.

According to court papers, Malema owed the SARS R16 million, plus interest, after failing to submit tax returns between 2006 and 2010.

In 2010 the SARS contacted Malema about his failure to submit tax returns. It took Malema 18 months, after many attempts by the SARS, to file his outstanding returns.

Malema had also failed to register his Ratanang Family Trust for tax purposes, and the SARS had to do this on his behalf. Ratanang is the name of Malema's young son.

The SARS attached some of Malema's property, including a farm in Limpopo and a house still under construction in Johannesburg, to recoup some of the taxes he owed.

A final sequestration order could affect Malema's political career, as he would no longer be allowed to serve as an MP.