7 April 2014 – Minister Gordhan Officially Launches Tax Ombud’s Office

The Minister of Finance Pravin Gordhan today (7 April 2014) officially launched the SA Tax Ombud whose objective is to review and address complaints by taxpayers regarding service, procedural or administrative issues relating to their dealings with the SA Revenue of Service (SARS). As announced in October 2013, retired Judge Bernard Ngoepe is the Tax Ombud.

3 April 2014 – Specifications for the reporting of information under FATCA, AEOI and domestic law

On 8 February 2013, the National Treasury and the South African Revenue Service (SARS) announced the start of negotiations with the US Department of the Treasury to enter into an inter-governmental agreement (IGA) with respect to the USA’s Foreign Account Tax Compliance Act (FATCA). The wording of a draft IGA has now been agreed upon and will be signed at Governmental level as soon as possible.

31 January 2014 – SARS welcomes High Court judgment

Judgment was delivered earlier today in the Gauteng North High Court confirming a preservation order granted to the South African Revenue Service (SARS) over the South African assets of Mr Mark Krok (the respondent).

7 December 2013 – SARS seizes 80kg cocaine at Beit Bridge

SARS can confirm that the Customs team at Beit Bridge border post yesterday (6 December) seized its biggest ever shipment of cocaine as it was being smuggled into the country. At least 80kg cocaine, valued at over R23 million, was concealed in an “empty” truck attempting to enter South Africa from Zimbabwe – having started its trip in Malawi.