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Posts Tagged ‘SARS’
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April 1, 2019

5 things you need to know in SA business today .

 

Tito Mboweni has lashed out at Sanral, criticising the agency’s decision to suspend summonses to recover e-toll debt.

“They [the board] must reverse the decision. It has implications for the bond market, it has implications for the fiscus. It has implications for their own credit rating and the credit rating of the country,” Mboweni said.

 

The repo rate remained unchanged yesterday, with the Reserve Bank worried about growth given loadshedding and weak business confidence. But it also expects that inflation will tick higher over the medium term due to the large Eskom tariff hikes and higher petrol prices. Trevor Manuel has threatened [...]
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February 15, 2018

HAWKS ARRESTS 9 IN CONNECTION WITH VAT SCAM

Investigators say false VAT vendor details with fraudulent supporting documents were used to register ghost profiles with the South African Revenue Service (Sars) in a bid to claim around a R100 million.

The Hawks have arrested nine suspects linked to a syndicate that’s been operating a value added tax (VAT) scam in Gauteng and KwaZulu-Natal.

Investigators say false VAT vendor details with fraudulent supporting documents were used to register ghost profiles with the South African Revenue Service (Sars) in a bid to claim around a R100 million.

Officers seized an AK47, gold bars as well as Kruger Rands worth millions of rand.

The Hawks’ Hangwani [...]

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January 18, 2018

British MP claims UK law firm complicit in state capture in South Africa

British politician Peter Hain has accused London-headquartered law firm Hogan Lovells of being complicit in state capture in South Africa.

Lord Hain, a Labour party peer and former anti-apartheid campaigner, is an outspoken critic of President Jacob Zuma, the Gupta family and companies he says have been involved in corruption linked to the SA government.

In his latest salvo in the UK House of Lords on Monday evening, Hain said that he had referred law firm Hogan Lovells to the UK’s Solicitors Regulation Authority (SRA) for allegedly enabling corruption at the SA Revenue Service (SARS).

The SRA is the independent body that regulates solicitors and law firms in [...]

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August 3, 2017

SARS outreach project to educate deaf, blind communities

The South African Revenue Service (SARS) has embarked on an outreach project aimed at serving and educating the deaf and blind communities on tax compliance.

With Tax Season 2017 having opened in July, the purpose of the outreach project is for the SARS Language Unit to equip the deaf and blind communities with skills and knowledge on requirements to submit tax returns.

The revenue service had already started assisting the deaf and blind at the inaugural rollout of its initiative at Ekurhuleni School for the Deaf in Johannesburg last week Thursday.

The rollout will continue at various SARS branches in cities and towns around the country, and it will take place at [...]

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