SARS Commissioner, Edward Kieswetter, is concerned that fraudulent tax refunds remain stubbornly high while companies have found ways to avoid tax through exotic transactions. earned more than R5 billion from 854 audits, including lifestyle audits, over the past year and it is planning to clamp down on a range of activities – including staff incentives, tax refunds and"exotic" transactions.
In its overview for the 2022/23 tax year, SARS said it collected R5.4 billion from audits, including lifestyle audits, probes into religious entities and the auditing of luxury vehicles. Vehicles have become a"very fashionable" way to launder money, the tax agency noted on Monday. SARS has also noticed an increased abuse of employment tax incentives, and is increasing its audits of those schemes.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
If they did a lifestyle audit on the comrades, they wouldn’t need to tax the rest of SA😳😳
What about looking at Eskom_SA ?
2 groups SARS and Kieswetter will never dream of going after: 1) Their bosses in the ANC 2) The taxi industry
“Tax refunds” mean less money for tax payers
Go after the ANC MP's
Except the ANC cadres!
But they fail to clamp down on illicit phala phala dollars
That's not alot, they should go after all the Sham NGO that should are not bonafide tax exempt, ex presidents (legal fees) and churches are top of the list
These guy is collecting Yoo
Anything to screw the tax payers Don’t forget that solar n generators & free utilities for the minister are also classified as staff perks & therefore should be taxed
How many foreign businesses don't pay tax in SA? SME's are audited regularly while they run amock.
We’re any high ranking politicians and ANC members subjected to lifestyle audits? What’s happening with the ANC’s unpaid tax situation? When will we be updated on the Phala Phala dollars that we’re not declared with SARS?
Hope the focus is on our parliamentarians first!!
Does this include senior government officials, politicians, ministers?