SARS intends to find 300 000 companies for non-submission of their tax returns. More than 500 000 new companies were registered in the past financial year, of which the vast majority did not submit returns. With this effort, SARS aims to promote its income. Experts say it’s going to be an uphill battle for SARS..
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SARS financial position is in a state of total chaos due to corruption, now the entity is seeking tax evaders to restore the disastrous situation
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Who maintains the ANC regime’s coffers by paying taxes?
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The law firm Webber Wentzel analyzed the tenth issue of the South African Revenue Service (SARS) tax statistics. From the conclusions it appears that 37% of the tax collected in 2016/17 came from individual taxpayers. Of the 20 million registered taxpayers, only 6.3 million payers submitted tax assessments, as those who earn less than R350..
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Tax Season: “Pay to Caesar what is due to Caesar” – Even though red flags are raised
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Launching the 2017 tax season at the start of July newly-ensconced Minister of Finance Malusi Gigaba urged South African taxpayers to “pay to Caesar what is due to Caesar”. This week SARS announced that due to technical glitches, crucial documents filed by employers and taxpayers need to be refiled. It seems Commissioner Tom Moyane’s SARS..
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