Speaking at the silver jubilee of the tax authority, Ramaphosa said that it is essential that South Africans comply with their legal tax obligations if they wish for SARS to be able to do its job properly.
He said that SARS must continue along its mandate without fear and prejudice: “I would like to encourage SARS to continue in this vein and to inspire other government departments and entities to follow suit.”tax collecting agency has been expanding
With access to more data, the machines that automatically draw up a risk profile for a taxpayer can do so better, he added. The taxman has been cracking down on non-compliant taxpayers as well as people who have committed financial crimes., over R41.6 million in penalties were imposed by SARS and the FIC on certain South Africans and/or their businesses in 2021 – many a result of non-compliance with tax provisions.
The revenue service has also been on a major drive to look into sources of unexplained wealth in the country with plans to improve its ability to dive deeper into the sources and history behind certain financial transactions.but wants to be able to use data to investigate information regarding things such as:Ramaphosa commended SARS for its recent work and ability to grow out of being a victim of the state capture that enabled the national fiscus to be looted.
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