The Tobacco Institute of South Africa has again urged the SA Revenue Service to up the fight against the illicit tobacco trade, saying 55% of the tax body’s recently-announced shortfall could have been redeemed if it had stronger interventions against unlawful trade in cigarettes. a preliminary tax revenue shortfall of R14.6bn for the year ended March 2019.
The institute's chair, Francois van der Merwe, said the revenue shortfall highlights the tough job the agency's incoming commissioner Edward Kieswetter will face. SARS acting commissioner, Mark Kingon, said earlier in the week that the agency's illicit economy unit was focusing on"serious non-compliance" in the cigarette and tobacco industry
smuggling of illegal items into the country is facilitated by those in power!
Fin24 Bring more competitive prices or urge government to move away from wanting to milk it's citizens around every turn. Ban sin tax. Enough is Enough.
Fin24 Sin taxes have nothing to do with illicit trade of cigarettes.