You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW JEREMY MAGGS: Now, you might remember in last week’s budget, the Minister of Finance, Enoch Godongwana, outlining South Africa’s long-term tax policy and strategy, emphasising the objectives of broadening the tax base, enhancing tax compliance and improving administrative efficiency.
One of the major things that was a good example of the rebuilding process is what was the reestablishment of the Sars Large Business Centre to what it was, which is essentially a one-stop shop for companies with a certain level of income so that they can more easily resolve their tax issues.
LOUIS BOTHA: Indeed, Jeremy, it most definitely will be. If one looks at, just to maybe compare the debt aspect is newer and just by way of analogy look at the audit measure, audits are done typically on a risk and randomised basis. So Sars would have algorithms which they use in order to detect certain risk areas or where they perceive a person might have been underdeclaring certain income.
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