Business Maverick: SARS boss, National Treasury in talks on tax breaks if you generate your own energy

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Sars Commissioner Edward Kieswetter says the majority of South Africans are 'gatvol' and ‘quite rightly so, with the current state of affairs, the lack of delivery, the slow progress that has been made and particularly, most in-your-face today, the ...

so we expect it to have a material impact on our ability to collect revenue. Secondly, we also find that during times of crisis, people are more likely to be ultra-conservative and where there is an opportunity to take the opportunity to withhold paying taxes, so our [Sars] debt book grows considerably,” he says.

Kieswetter was not pulling punches in a frank discussion with journalist Alishia Seckham at a PSG Think Big webinar yesterday. In the last year, Sars had to resolve 2.2-million cases requiring follow-ups in the form of a phone call, a message and/or a letter and Kieswetter says tireless work by Sars officials in this regard netted almost R60-billion in tax revenue.On the subject of potential tax rebates and incentives to help South Africans deal with the energy crisis, Kieswetter offered his opinion as both a South African citizen and the Sars commissioner.

“I believe that when that was introduced, we would not have been as consciously aware of the extent to which the energy crisis would regress and what other instruments we need to respond to it. I have already engaged my colleagues to say we should be reviewing what additional provisions we can make to provide some relief and some incentive for people to become more self-sufficient,” he says.

As the former chief executive at Alexander Forbes now working in the public sector, Kieswetter’s observation is that things move a lot faster in the private sector. “If you need things to happen, there’s a strong bias towards action and there isn’t a slow bureaucracy.”

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It's no to a wealth tax and yes to tax breaks for home solar - Kieswetter | BusinessSA Revenue Service commissioner Edward Kieswetter says that tax compliance measures are paying off so well that he and the National Treasury agree there is no need to impose new taxes now. | News24_Business _Business lol then SABC comes with a tax for pc monitors and equipment... sort out your departments ASAP _Business We have amongst highest taxes in World, those fortunate enough to earn middle incomes pay over 40% but you have to pay again for education, health, security etc as the govt does jack. On Estates, if you are lucky enough to have saved during life get charged again on your demise. _Business Ababuthi berhafu - satanic institutions - Tools of enslavement...
Bron: News24 - 🏆 4. / 80 Lees verder »