Trade Statistics for November 2021
The South African Revenue Service (SARS) today released trade statistics for November 2021 recording a preliminary trade balance surplus of R35.83 billion.
SARS to release 14th edition of Tax Statistics in January 2022
The 14th Tax Statistics publication will be published on 20 January 2022. The 2021 edition will provide an overview of tax revenue collections and tax return information for the 2017 to 2020 tax years, as well as the 2016/17 to 2020/2021 fiscal years.
Promising outcomes from Filing Season for Individuals
The Commissioner for the South African Revenue Service (SARS), Mr Edward Kieswetter has thanked all individual non-provisional taxpayers who filed their income tax returns by the extended deadline of 2 December 2021. He also extended similar gratitude to all intermediaries and stakeholders who support the strengthening of the tax ecosystem.
SARS commemorates 16 days of activism against gender-based violence and International Human Rights Day
Today, International Human Rights day, as the 16 Days of Activism draws to a close, SARS held a commemorative event with the Honourable Justice Edwin Cameron as the guest speaker to reflect and commemorate this significant day on our South African calendar.
Illegal cigarettes, hookah-pipe tobacco and scrap metal worth R 40-million seized
The Customs Division of South African Revenue Service (SARS), using modern risk detection systems and working with other law enforcement agencies, have seized illicit cigarettes, hookah-pipe tobacco and scrap metal with a total tax prejudice of R40-million.
SARS uncovers non-compliance through data-driven risk detection
The South African Revenue Service (SARS), as one of its strategic objectives is working hard to increase and expand the use of data to improve the integrity of outcomes and enhance its capability to detect instances of non-compliance. SARS is encouraged by the early success, in the latter.
Oakbay director sentenced to 10 years direct imprisonment
The South African Revenue Service Commissioner, Mr Edward Kieswetter, welcomed a 10-year prison sentence imposed on the Director of Oakbay Trading Mr DP Naik. Mr Naik was convicted for fraud and for contravening the Customs and Excise Act after he falsified export documents and diverted cigarettes back into the South African market without paying the excise and duties for import and export.
SARS warns about fraudulent refund scams
The South African Revenue Service (SARS) is aware of a number of incidents where fraudulent or unauthorised changes of tax practitioners and / or taxpayers’ eFiling profiles have been made with the sole intention to defraud SARS and affected taxpayers.
Implementation of Tax Directives Enhancements
SARS will introduce changes to its systems from 1 March 2022 to prevent taxpayers who receive income from more than one source, and where one of the sources is income from a retirement fund, ending up with a large tax debt payable to SARS after assessment of their income tax return.
SARS to apply for leave to appeal the judgment of 16 November 2021
The Commissioner of the South African Revenue Service, Mr Edward Kieswetter, after receiving carefully considered legal advice, as well as a strong recommendation from the relevant SARS governance committee, has agreed that SARS should apply for leave to appeal the judgment of 16 November 2021 in the Arena Holdings matter.
