#GuptaLeaks: Questions surround Guptas’ minimal tax returns

2017-08-23 07:30

Evidence from the #GuptaLeaks shows that SARS accepted declarations from the three Gupta brothers to the effect that they earned R1m or less each per year - and paid personal income tax accordingly.

New tax plan for overseas work will have hefty impact - expert

2017-08-19 16:00

National Treasury’s proposal to repeal an exemption to avoid double taxation of South Africans who work abroad will have a far-reaching impact on a number of individuals, says a tax expert.

‘Donate Gupta money’

2017-08-13 06:00

As it finally acts, KPMG urged to give away money that was earned from contaminated relations with the controversial family.

UPDATE: SARS CFO confirms he resigned, says there is no conflict with Moyane

2017-08-04 12:50

The South African Revenue Service has confirmed the resignation of its chief financial officer Matsobane Matlwa.

Parliament demands action on illicit financial flows

2017-08-02 05:00

An inter-parliamentary committee will demand answers from criminal prosecuting authorities about progress made in cases of illicit financial flows.

Govt rakes in R7.9m from Durban man flying to Dubai

2017-07-26 06:02

The SA Revenue Service has seized R54m in currency since June last year, with the state's coffers getting a cash injection of R7.9m from a single passenger travelling to Dubai.

More cocaine from Sao Paulo intercepted at OR Tambo

2017-07-22 10:25

South African Revenue Service (Sars) customs officials have made their second major drug bust this month at OR Tambo International Airport, when they intercepted 26 kilograms of cocaine with an estimated street value of R7.4m.

Commission slates churches' abuse of faithful

2017-07-16 06:05

Money, not God, is the cornerstone of South Africa’s unregulated and unscrupulous churches.

Gigaba takes Public Protector's ABSA report on review

2017-07-05 17:23

Finance Minister Malusi Gigaba will take the Public Protector’s report on ABSA and the Reserve Bank on review for the reviewing and setting aside of the findings and remedial action.

SA records trade surplus of R9.5bn in May

2017-06-30 14:21

South Africa has recorded a trade balance surplus of R9.50bn in May, according to the SA Revenue Service.


Nowhere to hide from taxman as D-Day for offshore disclosure looms

2017-08-21 21:00

The window period for taxpayers to disclose offshore assets and income to SARS as part of its special voluntary disclosure programme will soon close.

95 years for VAT fraudsters

2017-08-17 23:09

Three men accused of fraudulently claiming value added tax refunds to the value of approximately R300m, have been sentenced to a total of 95 years in prison.

S&P warns of downgrade if SA misses targets

2017-08-06 07:42

South Africa’s credit rating could be downgraded if the country’s growth and tax collections missed forecasts by a wide berth, says S&P Global analyst Gardner Rusike.

Moyane denies allegations of meeting with Gupta family

2017-08-04 10:02

SARS commissioner Tom Moyane has denied allegations that he met with any members of the Gupta family in his personal and private capacity, in a statement released by SARS.

Politics and SOEs may hurt SA trade – analyst

2017-08-01 06:02

South Africa reported a trade surplus of R10.67bn for June 2017, data from SARS shows. But an analyst warns that politics and issues with state-owned enterprises may knock exports.

Will we see change in laws governing the time share industry?

2017-07-23 06:54

There has been little regulation of the sector – despite the introduction of the Consumer Protection Act – as most legislation relating to the industry is outdated.

Double tax may be on cards for South Africans who work overseas

2017-07-20 13:24

If planned new legislation goes through Parliament, South Africans who work overseas could be taxed by SARS for foreign earnings from March 1 2019.

Lagging collections could lead to tax hikes

2017-07-09 06:00

Worried SA Revenue Service commissioner Tom Moyane says an economy in the doldrums will hit tax revenue, while experts sound warnings that social tensions may rise as recession bites.

Moyane confident SARS will reach higher tax target despite recession

2017-07-03 09:02

Despite the fact that South Africa is in a technical recession, SARS commissioner Tom Moyane says the tax revenue target is R1.265trn - higher than that of last year.

SARS' Makwakwa on paid leave for 9 months as investigation stalls

2017-06-21 05:00

Jonas Makwakwa, second-in-command at SARS, has been on paid leave for the past nine months amid an investigation into suspicious payments into his bank account.

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