Treasury gives glimpse into what to expect in SARS inquiry

Cape Town - The parameters of a commission of inquiry into tax agency SARS are expected to be announced by the Presidency later in the week. 

Treasury's deputy director-general Ismail Momoniat told Parliament’s oversight committee on finance on Wednesday that the inquiry was expected to consider the adequacy and legality of steps that SARS took to address revenue shortfalls over the past two years. 

It is also expected to cover the issue of VAT refunds, mining rehabilitation funds, and excise and customs provisions related to the tobacco trade. 

“Treasury hopes that the commission’s work could also assist in strengthening SARS capacity to deal with illicit financial flows and tax evasion by highly-connected individuals,” he said. 

He did not say who the individuals were. 

President Cyril Ramaphosa, during his maiden State of the Nation Address in February, said the commission would ensure that the credibility of SARS is restored, as well as its capacity to meet revenue targets.

“We must understand that tax morality is dependent on an implicit contract between taxpayers and government that state spending provides value for money and is free from corruption,” said Ramaphosa during his address.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
17.09
-0.4%
Rand - Pound
20.66
+0.0%
Rand - Euro
17.80
-0.1%
Rand - Aus dollar
11.54
+0.0%
Rand - Yen
0.12
-0.0%
Gold
1,754.60
0.0%
Silver
21.61
0.0%
Palladium
1,856.61
0.0%
Platinum
984.00
0.0%
Brent Crude
83.63
-2.0%
Top 40
66,754
-0.0%
All Share
73,151
+0.0%
Resource 10
71,441
-0.1%
Industrial 25
87,347
-0.2%
Financial 15
16,370
+0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders