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BOOK EXCERPT | Edward Kieswetter's six commandments

SARS Commissioner Edward Kieswetter has "an obsession to serve", chartered accountant and author KC Rottok Chesaina writes in his new book, The CEO X Factor. ....

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Sars delivers impressive results for 2021/2022

A well-functioning revenue authority is central to a well-functioning democracy – and Sars has come a long way. ....

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No increase in tax rates

Sars Commissioner Edward Kieswetter explains how the higher revenue collections came about, including through improved performance within the revenue service. ....

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SARS identifies first group of high net worth taxpayers

SARS identifies first group of high net worth taxpayers
(Partner Content) SARS’ “High Wealth Individual Taxpayers Unit” (the Unit) is up and running and as promised, SARS has sent out the first batch of welcome letters to those who meet the criteria to form part of this elite club.
What qualifies as “high wealth”?
How does SARS pick their subjects? The simplest, albeit unlikely, methodology would be to include all taxpayers who fall within the highest tax bracket i.e. those who earn more or less in excess of R1,5 million per annum, translating to more than 113,000 individuals. But the clique is probably more exclusive than that. Perhaps, those with dollar millionaire status will make the cut, which would then encompass around 38,000 individuals. ....

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Changes coming at SARS to improve tax collection over next 3 years, says official

SARS collected R38 billion more than expected in the most recent financial year.
The revenue service, under the leadership of Ed Kieswetter, is emphasising a culture of voluntary compliance among taxpayers.
SARS is relying several other factors, such as incorporating recommendations from the Davis Tax Committee to improve revenue collections.
The South African Revenue Service (SARS) is relying on creating a culture of voluntary compliance among taxpayers to improve revenue collections, an official has said.
Mamiky Leolo, senior official at SARS, on Monday, shared an update on efforts to improve the capacity at the revenue service. She was a participant in a webinar discussion on policy responses to Covid-19, based on research by the Southern Africa - Towards Inclusive Economic Development (SA-TIED). SA-TIED is a collaborative research, policymaking and capacity building partnership between National Treasury, SARS and the UN University World Institute for Developmen ....

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