The South African Revenue Service is en route to use data to its and taxpayers’ advantage, streamlining tax collection and tax returns with the help of a few countries overseas.
The South African Revenue Service recently participated in two multilateral meetings with African figureheads and BRICS countries – pushing forward with its modernisation strategy focusing on data collection and management.
The meeting focused on various tax-related issues, said SARS, including the importance of domestic resource mobilisation to develop financing, technology and human capital. SARS has been en route to use data to its advantage in both compelling tax compliance and making it easier for taxpayers to have their returns filed automatically., the tax authority said that it has been expanding its data profiling and assessment to detect risk automatically, even in complex matters., Kieswetter said that SARS is using data and artificial intelligence to risk profile every taxpayer but also to select certain taxpayers for further auditing or investigation.
SARS, alongside the other member states, has issued a compilation of Best Tax Practise – a selection of case studies that can be referred to and showcase developments in tax compliance, new debt management strategies, the use of data, faceless tax administration and smart individual tax income, among others.
SARS has been aiming to collaborate with international institutions through data. Kieswetter said that when it comes to the machine learning models used by SARS, data from various domestic and international sources are plugged in.
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