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WE DO NOT TAKE SIDES: Tax ombud returns close to R900K to client from SARS
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Report to allow criminal prosecutions by Sars at advanced stage
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Wednesday 24 February 2021 - 9:20am
Finance minister Tito Mboweni will deliver his 2021/22 budget speech this afternoon. But there are fears that he might increase taxes to raise money for COVID-19 vaccines. This during a time of poor economic growth. #eNCA Courtesy #DStv403
JOHANNESBURG - Tax Law expert Thabo Legwaila says the government needs to fight corruption instead of increasing taxes. The truth is that what needs to be done is to find the political will to fight corruption, we need that, he says.
His comments come at a time when there are fears Finance Minister Tito Mboweni might increase taxes to raise money for COVID-19.
WATCH: VAT refunds battle won, war continues Michael Avery talks to a panel about Sars and why they are withholding some taxpayers’ VAT returns By Business Day TV - 02 February 2021 Image: GALLO IMAGES
Send in a VAT return just one day late and you are immediately penalised 10%, but Sars has been withholding VAT returns owed to taxpayers for, in some cases, years now.
The practice is particularly pernicious in the prevailing business environment in which many companies have seen cash flow dry up due to Covid-19 restrictions, and even face insolvency. The high court has now provided much needed certainty as to how Sars should behave in a vague, very technical area of law.