SARS and the dtic start distributing clothing and footwear to KZN flood victims living in shelters
The initiative whereby the South African Revenue Service (SARS) and the Department of Trade, Industry and Competition (the dtic) have joined forces with Business and Labour to donate tons of seized clothing, blankets, and footwear to flood victims in Kwa-Zulu Natal, has entered its second phase. This entails the donation of clothing and footwear to the flood victims.
Trade Statistics for September 2022
SARS today releases trade statistics for September 2022 recording a preliminary trade balance surplus of R19.70 billion attributable to exports of R191.56 billion and imports of R171.86 billion.
SARS and law enforcement agencies take action against illegal and illicit goods
Millions of rands worth of illegal or illicit goods were confiscated in several joint operations conducted through coordinated efforts within SARS over the past month.
SARS committed to achieve higher revenue estimate
The South African Revenue Service (SARS) welcomes the consistent emphasis by the Minister of Finance, Mr Enoch Godongwana, on ensuring that government finances are spent in an equitable, efficient and flexible manner to support South Africa’s development objectives.
SARS takes a further step towards improving the integrity of trade and traveller facilitation as part of implementing Smart Borders
Travelers are required by law to make certain declarations of goods and cash on entering or leaving South Africa. The declaration process is in line with practices around the world and in compliance with the provision of the Customs and Excise Act No. 91 of 1964 which makes it mandatory for any person entering and leaving the Republic to declare any goods in their possession. Full details of prohibited and restricted goods are available on the SARS website (www.sars.gov.za), and travelers are advised that it is their responsibility to comply.
SARS celebrates its silver jubilee
Today, the South African Revenue Service (SARS) will host its 25th anniversary celebration, following its formal establishment on 1 October 1997. The auspicious event will be addressed by President Cyril Ramaphosa.
Trade Statistics for August 2022
SARS today releases trade statistics for August 2022 recording a preliminary trade balance surplus of R7.18 billion attributable to exports of R175.37 billion and imports of R168.19 billion.
SARS sharpens its focus on Trusts
SARS is working hard to increase and expand the use of data. Through this process, SARS has identified a significant number of beneficiaries of Trusts who have received distributions but have not submitted income tax returns in line with their legal obligation as per the annual public notice under section 25 of the Tax Administration Act 23 of 2011. These beneficiaries consist of companies, individuals and Trusts who must submit their outstanding income tax returns immediately. Failure to remedy this non-compliance, SARS will invoke the provisions of the law which may include actions such as raising estimated assessments, imposition of interest and penalties as well as civil and criminal sanctions.
SARS clamps down on the illicit rhino industry
In line with its strategy objective of making hard and costly for those who engages in non-compliant activities, several specialised divisions within the South African Revenue Services (SARS) are focussing on tax audit investigations aimed at suspect non-compliant taxpayers, actors and facilitators benefitting directly or indirectly from tax evasion and illicit financial flows stemming from wildlife crime.
Trade Statistics for July 2022
The South African Revenue Service (SARS) today releases trade statistics for July 2022 recording a preliminary trade balance surplus of R24.76 billion.
