Litigating against SARS: Data shows just a 20% chance of success
With an 84% litigation success rate, SARS consistently prevails in tax disputes, underscoring the risks for taxpayers pursuing court action.
Source: biznews.com
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BIG problem looming for the South African Revenue Service
The South African Revenue Service is about to become a victim of its own success. Here’s what you need to know so you don't get caught up.
Source: thesouthafrican.com
Why the taxman considers freelancers high risk
Freelancers have a high probability of being audited by the Receiver of Revenue. That is so because this category of taxpayer is considered high risk. There are limited checks and balances in place to test the veracity of data supplied by freelancers to the Receiver of Revenue.
Source: dailymaverick.co.za
Alcohol industry to apply for excise tax payment deferment
MONEYWEB app instead? Alcohol industry to apply for excise tax payment deferment Sars has been reasonable, talking to the industry, understanding their needs and challenges, says Bernard Mofokeng from CMS RM Partners. 21:31 NOMPU SIZIBA: A legal tax expert is warning that, if the alcohol ban is not lifted come the middle of February, jobs will be permanently at stake. He’s also warning that Sars may have to afford the alcohol retail industry some grace time in terms of paying excise duties, given that they haven’t been in a position to sell and make revenue. And, of course, this wou...
Source: moneyweb.co.za