The South African Revenue Service (SARS) has now shifted its focus to the R90 Billion taxi industry, which last year paid only about R5 million in taxes. The R5 million tax from last year paid by the industry, cannot even be the income tax of one province’s minibus taxis, and as a result there was a huge outcry in the media and on social media.
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SARS Looking at R90 Billion Taxi Industry to Further Increase its Increased Tax Revenues…
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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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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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SARS desperate – goes after taxpayer who owes R0.49
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SARS is getting desperate after suffering huge shortfalls, and is now auditing a large portion of taxpayers who need to receive refunds. This is according to the Rapport newspaper, which spoke to tax practitioners about changes at the revenue service. According to the newspaper, more salary earners are subjected to audits – while SARS takes..
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