Trade Statistics for September 2023

South Africa recorded a preliminary trade balance surplus of R13.1 billion attributable to exports of R174.65 billion and imports of R161.51 billion.

SARS apologises to taxpayers

The South African Revenue Service (SARS), strives to always clarify and remind taxpayers of their obligation in law, as well as the potential consequences should they not comply. Notwithstanding the legal mandate of SARS to act against taxpayers who fail to comply, it is generally expected that we first remind, and give the taxpayers the opportunity to comply, ahead of SARS commencing legal action.

SARS welcomes veil of secrecy judgment

The Commissioner of the South African Revenue Service (SARS) has welcomed the judgment handed down this week by the KwaZulu-Natal Local Division, dealing with the insolvent estate of Jubilee Plant Hire SA CC (“Jubilee”).

SARS together with law enforcement break the coal syndicates

A massive inter-governmental search and seizure operation across five provinces was carried out today to break the back of a sophisticated criminal syndicate of alleged coal-smugglers, who played a major role in exacerbating the energy crisis and loadshedding.

Constitutional court decision on duty-free purchases

The Commissioner for the South African Revenue Service (SARS), Mr Edward Kieswetter, has welcomed the decision of the Constitutional Court in the matter between Nu Africa Duty Free Shops (Pty) Ltd and Others and the Minister of Finance and Others.

Trade statistics for August 2023

South Africa recorded a preliminary trade balance surplus of R13.3 billion in August 2023. This surplus is attributable to exports of R181.3 billion and imports of R168.0 billion.

Fire at Rissik Street office

The South African Revenue Service (SARS) confirms that a fire broke out at its branch in Rissik Street, Johannesburg, yesterday.