SARS welcomes the revised Revenue Estimate
SARS welcomes the upwardly revised revenue collection estimate announced by Minister of Finance, Mr Enoch Godongwana. In his 2022 Budget Review speech, Minister increased the revenue estimate to R1 547.07 billion from the February 2021 budget estimate of R1 365.1billion. The 2021/22 revenue yield is expected to result in the tax-to-GDP ratio reaching 24.7%, which is higher than pre-COVID level and that indicates that the extraction rate is on a positive trajectory.
1 April 2015 – Preliminary Outcomes of Revenue Collection for the 2014-2015 Fiscal Year
PRETORIA, 1 April 2015 – We are today releasing SARS’ preliminary revenue collection outcome, twelve hours after the close of the 2014/15 fiscal year. Despite challenging economic conditions, SARS collected R986.4 billion which is a 9.6 % growth in total revenue from 2013/14. This is R7.4 billion above the revised estimate announced in the February 2015 […]
7 May 2015 – Massive Crystal Meth bust to the value of R 6.3 million at OR Tambo International Airport
7 May 2015, Johannesburg – SARS officials today uncovered 20.76 kilograms of crystal meth at OR Tambo International Airport. The shipment, profiled by SARS, arrived on flight SA061 from Lagos and was said to contain hair pieces and food items. Following a thorough inspection by the cargo team, it was established that 5 parcels of crystal […]
7 May 2015 – Resignation of Mr Ivan Pillay and Mr Peter Richer
Pretoria, 7 May 2014 — The South African Revenue Service (SARS) confirms that Mr Ivan Pillay and Mr Peter Richer have resigned from SARS with immediate effect. SARS has accepted their resignations, and hereby confirms that the parting of ways is mutually beneficial and in the interest of SARS as an institution. SARS acknowledges and appreciates […]
11 May 2015 – Massive haul of gold and copper uncovered
Beitbridge Border Post, 11 May 2015 – SARS today uncovered gold with an estimated value of R24 million and copper cables with an estimated value of R14 000. During an inspection of a Toyota Quantum microbus at the Beitbridge Border Post, the occupants of the vehicle sped off. SARS officials pursued the vehicle. The occupants abandoned […]
14 May 2015 – Clarity pertaining to allegations about SARS’ correspondence with minister Pravin Gordhan
Pretoria, 14 May 2015 – SARS media release 1. The South African Revenue Service (“SARS”) has observed a distortion of facts imbedded in the allegations that SARS has furnished the honourable Pravin Gordhan (“Mr Gordhan”) with a letter wherein SARS bullied and threatened him (Gordhan) with sequestration of his estate, if he fails to cooperate with the […]
22 May 2015 – Employer annual reconciliation deadline fast approaching
PRETORIA, 22 May 2015 – Employers are reminded that all Employer Annual Reconciliation Declarations (EMP501), Employee Tax Certificates [IRP5/IT3(a)s] and, where applicable, Tax Certificate Cancellation Declarations (EMP601) for the period 1 March 2014 to 28 February 2015 must be submitted to SARS by 29 May 2015. It is crucial for Employers to submit their annual reconciliation […]
25 May 2015 – Huge successes in criminal convictions for tax crimes in 2014/15
PRETORIA, 25 May 2015 – Over the past financial year, SARS achieved a 92% conviction rate on cases which it handed over to the NPA to prosecute involving tax and customs-related crimes. Most of those cases involved high net-worth individuals, fraudulent VAT refunds and Income Tax fraud. These convictions illustrate that SARS has the capability to […]
28 May 2015 – SARS continues to foil attempted drug smuggling with R2.8m cocaine bust at ORTIA
Pretoria, 28 May 2015 – SARS officials discovered close to 10kg of cocaine hidden in 10 handbags in a false compartment of a passenger’s luggage on Monday 25 May 2015. Customs officers stopped a Guyanese female passenger who had disembarked at OR Tambo International Airport in Johannesburg in transit from Sao Paolo to Maputo. The passenger […]
02 June 2015 – SARS withdrawal of provisional sequestration order against Mr. Malema
Pretoria, 2 June 2015 – The South African Revenue Service confirms that it withdrew its application to have the provisional sequestration order against Mr. Julius Malema be made final. SARS based its decision to withdraw its sequestration request after weighing up the issues raised by the Judge with the SARS legal Counsel. The most significant being […]
