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POINT OF VIEW Lengthy gone are the days where SARS depended only on taxpayer openness in the conclusion

In the Preliminary revenue results announcement earlier this month, the South African Revenue Service (“SARS”) declared unprecedented revenue collection figures arising from taxpayer audits and investigations over the preceding tax year. In his compliance address, SARS Commissioner Edward Kieswetter (“Kieswetter”) reported 854 strategic taxpayer audits being conducted during the 2022/2023 tax year which yielded R5.4-billion in additional revenue collection. Notably, targeted investigations yielded a whopping R840-million as a result of 71 luxury vehicle audits, R818-mil...

KUCHING (April 5): The Inland Revenue Board’s (IRB) Special Voluntary Disclosure Programme (PKPS) starting June will allow taxpayers who have not paid or declared their income in past years to do so without incurring penalties. IRB chief executive officer Datuk Dr Mohd Nizom Sairi said PKPS is ta

How did the Sars revenue collection go during the past financial year during one of the most difficult economic times ever?

PETALING JAYA, March 15 — The government is engaging all stakeholders actively and extensively in reviewing several taxes, including the excise duty on premixed beverages and the...