Edward Kieswetter’s R300 billion headache

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Edward Kieswetter’s R300 billion headache
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The gap between the tax that South Africans should pay and the amount collected is estimated to be R300 billion.

This gap remains a challenge for South African Revenue Service Commissioner Edward Kieswetter, who has prioritised increasing compliance.

“Taxpayers must meet their obligations to pay their taxes. Those who fail to comply place an unfair burden on taxpayers and must face the consequences of breaking the law.” Cash receipts emanating from these efforts amount to R124.7 billion, up from R105.1 billion in the previous year. “While there will always be a tax gap in any country, that level of tax gap is considered large,” PwC SA tax controversy and dispute resolution partner Elle-Sarah Rossato said.

“Closing the tax gap is a core responsibility of SARS, and they must be given the resources to invest in people and technology that would help them do so.”

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BusinessTechSA /  🏆 24. in ZA

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