After the marathon testimonies delivered at the State Capture Inquiry by various Bosasa officials, it seems like the time for talk has concluded. According to the Sunday Times SARS are now primed and ready to go after the illegal beneficiaries of the security services’ bribery operation, and Jacob Zuma could well be on their hitlist…
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SARS have found their bite: It’s reported that Commissioner Edward Kieswetter will be chasing top ANC and Bosasa officials, but can he be trusted because Jacob Zuma is on his radar
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Shocking news for you, yes YOU that are paying your taxes:- Former South African president Jacob Zuma is slammed for wasting more taxpayer money recording an album including his trademark song Bring Me My Machine Gun
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South Africa’s former president Jacob Zuma has been accused of wasting taxpayer money to fund his new music album. Zuma will head to the recording studio in 2019 to tape an album of ‘struggle songs’ that he sang during his days as a revolutionary fighting white minority rule. But political opponents say using taxpayer money..
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Just something to think about with regards to SA taxes that will leave you shocked!
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Taxpayers should not foot the bill for ANC government’s failures. We need to look deeper into our system of government, and how we allocate risk and reward, responsibility and accountability. At this moment, if you earned R100, you pay R33 income tax. You are left with R67. You buy R67 worth of fuel, pay 48%..
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SARS intensifying revenue collection efforts and bring to book tax dodgers – Seems like the cash strapped ANC is in dire need of money?
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The South African Revenue Service (SARS) is intensifying its effort to identify and bring to book tax dodgers. This comes after revelation that the revenue collector is launching units aimed at tackling the illicit tobacco industry and big business. The illicit economics unit was launched late last year, while the large business unit is expected..
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While National Treasury and SARS scramble for money, a new focus has been placed on the revenue service’s plans to tax SA expats working abroad , who could face having 45% of their earnings over R1 million fed back to government
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South Africa’s expat tax is coming – and there’s only one way to legally avoid it. Speaking on The Money Show this week, personal financial advisor at Galileo Capital, Warren Ingram said that even though the actual rules around the tax are yet to be finalised, they are planned to come into effect in March..
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Sin taxes are increasing – South Africans are going to have to pay more for cigarettes
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According to the Tobacco Institute of SA (Tisa), the country loses approximately R8 billion annually due to the increase in the sale of illegal cigarettes. Sales from July 2018 increased from 33.4% to 41.8% in October 2018. According to the chairman of Tisa, Francois van der Merwe, the cigarettes are manufactured locally, but no indication..
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Former president Jacob Zuma and his corrupt, incompetent ANC comrades are to blame for the recent VAT increase and it can’t be reversed due to numerous factors that includes Free Education
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The spectre haunting South African politics won’t go away. Tito Mboweni has blamed the legacy of Jacob Zuma for the VAT increase. In a year of unpopular decisions made by the ANC, the VAT increase has been one of the most contentious. The decision to crank it up by 1% left many South Africans apoplectic,..
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Parliament confirms that there will be no VAT reduction for three years
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Anyone hoping for a VAT reduction in the near future – all of us, really – will be left disappointed following Tuesday’s decision.
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Here’s how government is going to force motorists to pay up for the E-Tolls
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SANRAL has requested assistance from the South African Revenue Service (SARS) to allow garnishee orders to recover e-tolls debts.
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Tom Moyane: the devil incarnate! – described himself as the best Sars commissioner in the democratic era even though his mismanagement lead to revenue shortfalls and the country being hit with a VAT increase this year
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Suspended SA Revenue Service (Sars) commissioner Tom Moyane attacked the judge heading a commission of inquiry into the tax agency during his reign as irrational and biased, saying murderers and serial rapists would get better treatment. Moyane has described himself as the best Sars commissioner in the democratic era and has rejected accusations that his..
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IS THIS COINCIDENCE? – Mmamathe Makhekhe-Mokhuane makes a fool of herself twice in two days, regarding alleged corruption and mismanagement at Sars
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Mmamathe Makhekhe-Mokhuane makes a fool of herself twice in two days, on both occasions on being questioned regarding alleged corruption and mismanagement at Sars. In the same week the media is removed from a Parliamentary Portfolio Committee hearing on alleged corruption in the Department of Water and sanitation. The ANC, DA and IFP says the..
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WATCH | Online Incompetence – E-filing system worst example of Affirmative Action BEE
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South Africa witnessed one of the worst examples of Affirmative Action BEE incompetence right on national television this morning. After a senior official of the Revenue Service testified to a Parliamentary Commission of Inquiry that the e-filing system is operating at only 20% capacity following an abrupt cut of any upgrading to the system since..
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Chaos at Sars IT, the overhaul will cost R1bn to fix, but it is now on hold!
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A global advisory firm’s overhaul of the South African Revenue Service’s (Sars) modernisation and digitisation programme was not worth the hundreds of millions spent, according to Sars officials testifying before the Nugent Inquiry.
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Consumers are warned of second increase in VAT to make up for shortfalls that were stolen by ANC-politicians
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With the new finance minister set to deliver the medium-term budget policy statement later this month, tax experts have warned of a likely increase in VAT in the coming year. Former SA Reserve Bank governor Tito Mboweni was sworn in as finance minister this week, following the resignation of Nhlanhla Nene. Bernard Sacks of Mazars,..
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Treasury News:- Sars shortfall to blame for VAT hike, so we are paying for their incompetency!
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Treasury would not have needed to increase value added tax (VAT) by one percentage point to 15% in April if not for the revenue shortfall at the South African Revenue Services (SARS), deputy director general at national treasury Ismail Momoniat told the Nugent commission of inquiry on Wednesday.
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