The SA Revenue Service will recover up to R285 billion less in projected taxes this year, because of the Covid-19 pandemic crisis. TheCapeArgus day41oflockdown
“During this time it remains vital for taxpayers to be compliant. More than ever government needs tax revenue to provide much-needed relief to businesses and individuals, and especially to keep an army of community health workers and other medical and front-line workers employed,” Kieswetter said.
“Many businesses and individuals are desperately in need of refunds that are payable sadly we are still dealing with abuse of the refund system,” he added.He said they have observed ongoing illicit trade activities and have effected a number of detentions and seizures last month, which included 43 detentions .
And 17 seizures to the value of R2.6million, mainly cigarettes, alcohol and counterfeit clothing and footwear. “South Africans who cannot access alcohol and cigarettes through legal channels due to the nationwide lockdown which has prohibited the sale have been using the blackmarket, which tarnishes the economy and drains the fiscus though the tax revenue.
“Sars has revised its expected losses in revenue due to the illicit trade of products,” said Kieswetter.
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