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"SARS must not be a toothless tiger when dealing with tax evasion and illegitimate trades and financial flows," says the finance minister.
After expressing disappointment in the way Momentum had handled a life insurance claim of a client, Treasury Deputy Director General Ismail Momoniat has welcomed the insurer's decision to change its policy stance.
The outcomes of the Nugent Commission of inquiry due later this month will reveal if SARS had misrepresented revenue collections in previous years, members of Parliament heard.
Chicken should become VAT free as it's a staple food for lower-income households, says trade movement FairPlay.
The VAT increase could have been avoided if not for the revenue shortfall at SARS, Treasury's deputy director-general Ismail Momoniat has told the Nugent Commission of Inquiry .
Read a play by play transcript of the contentious committee meeting where EFF chief whip Floyd Shivambu questioned the presence of National Treasury deputy director general Ismail Momoniat.
The EFF deputy president has demanded an apology from the chair of the Standing Committee of Finance, Yunus Carrim.
'You couldn’t act, because the man at the top didn’t want you to act and would fire people,' says Ismail Momoniat, Treasury's head of tax and financial sector policy.
The Financial Sector Conduct Authority will engage with the sector to map a way forward, following developments at insurer Momentum.
The culture of non-payment endorsed by civil groups like OUTA are undermining government's ability to provide services, members of Parliament heard.
Treasury officials say the Nugent Commission of Inquiry's report will indicate exactly what went wrong at SARS, but so far what has been revealed is 'disturbing'.
Former Finance Minister Malusi Gigaba and current Finance Minister Nhlanhla Nene will be the highest profile witnesses yet to testify before the Nugent Commission of Inquiry.
Floyd Shivambu’s latest tussle with Yunus Carrim reached new levels when the MPs exchanged open letters over Tuesday’s controversial meeting.
The EFF has released the audio of the interaction between chairperson of the Portfolio Committee on Finance Yunus Carrim, EFF deputy president Floyd Shivambu and ANC MP Thandi Tobias-Pokolo.
While the EFF has defended its deputy president's attack on Ismail Momoniat, the Public Sector Network has called his statements childish, racist and short-sighted.
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