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Delegates from BRICS member countries (that is Brazil, Russia, India, China and South Africa) have agreed to strengthen co-operation and mutual assistance to facilitate trade between member countries and other developing countries.

By the end of March 2025, SARS had collected a record gross amount of R2.303 trillion, representing year-on-year growth of 6.9% against estimated nominal GDP growth of 5.4% (2024/2025). In this difficult economic environment, SARS paid refunds of R447.7 billion to taxpayers, the highest-ever amount in refunds (versus R413.9 billion in the prior year), representing growth of 8.2%. This brings the collected net amount to R1.855 trillion, which is almost R8.8 billion higher than the revised estimate, and R114.0 billion more than last year’s R1.741 trillion.

The highest decision-making body of the World Customs Organisation, the WCO Council, has re-elected SARS Commissioner Edward Kieswetter as the WCO Chairperson for a second term, 2024 – 2025.

SARS Commissioner Edward Kieswetter, today announced the appointment of 3 Deputy Commissioners, to strengthen his executive team within SARS. This follows an extensive executive search which resulted in the appointment of one internal candidate and two from private sector. 

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.

The South African Revenue Service (SARS) welcomes the Medium-Term Budget Policy Statement (MTBPS) tabled in Parliament today by the Minister of Finance, Mr Enoch Godongwana. The Minister revised the 2024 February Budget net tax revenue estimate from R1 863.0 billion to R1 840.8 billion.

The Commissioner for the South African Revenue Service (SARS), Mr Edward Kieswetter expresses, his sincere gratitude to all taxpayers who interacted with SARS over the past two weeks. This includes those who were part of the Individual Tax Filing Season 2024 that commenced yesterday, 15 July 2024 and will run until 21 October 2024 and 20 January 2025 for non-provisional and provisional taxpayers, respectively.

This past week witnessed the tax world focusing on taking tax transparency and exchange of information to the next level during the annual OECD Global Forum on Tax Transparency and Exchange of Information for Tax Purposes (Global Forum) 15th Plenary held in Seville, Spain from 9-11 November 2022.