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Media release – Africa focuses on Tax Transparency to counter tax evasion and illicit financial flows

Media release – Africa focuses on Tax Transparency to counter tax evasion and illicit financial flows

6 July 2023 – The South African Revenue Service is hosting the 13th Meeting of the Africa Initiative over two days, bringing together Commissioners-General of revenue authorities across Africa, high-ranking representatives, experts, as well as regional and international organisations and civil society.

The meeting was officially opened by the Minister of Finance of South Africa, Mr Enoch Godongwana who emphasised the importance of tax transparency tools in the armour of tax administrations to counter tax non-compliance: “The international tax transparency standards have proven to be an effective tool in curbing tax evasion and other IFFs and generating additional revenue ready to be invested in the development and provision of public services.” He urged the Global Forum to “continue to serve African countries and to support the Africa Initiative in its efforts to build and enhance their capacities to use the Exchange of Information standards at their full potential on the continent.” 

See the full media release here.

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