Nene extends Kingon's term at SARS for another 90 days

2018-09-17 13:09

Finance Minister Nhlanhla Nene has extended Mark Kingon's term as acting commissioner of the SA Revenue Service for another 90 days.

The silent taxodus

2018-09-12 17:43

Taxpayers leaving the country are a real threat to the SA Revenue Service's ability to fill the state's coffers, writes Solly Moeng..

Kingon talks tough on illicit trade, revenue collection

2018-09-10 12:33

Acting SARS Commissioner Mark Kingon has encouraged South Africans to join hands in fighting illicit trade and to be cooperative in paying their taxes for the benefit of the economy.

Nene, Gigaba in hot seat at SARS Inquiry

2018-08-31 08:17

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.

Nene, Gigaba to testify before SARS inquiry next week

2018-08-24 17:28

Current and former Finance Ministers Nhlanhla Nene and Malusi Gigaba are set to appear before the Nugent Commission of Inquiry into administration at SARS next week.

Should tax implications influence your investment decisions?

2018-08-23 09:54

South Africans have ample investment options available to them. But do you know what the various Tax implications are on your returns?

'Hundreds of millions' lost while SARS enforcement faltered, Nugent inquiry hears

2018-08-22 15:33

The SA Revenue Service potentially lost hundreds of millions of rands in unpaid taxes as a result of a decline in the efficiency of its enforcement division, according to evidence presented at the Nugent inquiry.

Starved by the price of food

2018-08-19 08:12

An NGO report advocates all VAT charges to be removed, warning that income levels in poor households are too low to afford basic foods, let alone transport and other costs.

Concern over companies netting zero-rating tax benefits

2018-08-18 07:45

The panel appointed to review the basket of zero-rated VAT items is concerned about producers netting the benefits of more items being added.

‘Cut VAT on bread, pads, nappies'

2018-08-12 06:00

Expert panel calls for zero VAT on several items, but stops short of a massive chicken-tax break to benefit the poor.


Sars to hit 300 000 companies with fines

2018-09-16 06:00

The SA Revenue Service, as part of a move to boost its revenue collection, is looking to nail 300 000 companies with penalties for failure to submit corporate income tax returns.

Nene: recession a risk for tax revenues

2018-09-10 13:27

The finance minister told a meeting of tax practitioners in Sandton that revenues may be squeezed because of negative economic growth in the first two quarters of the year.

Judge Dennis Davis: Bain’s payback a ‘triumph’

2018-09-10 10:24

Judge Dennis Davis says it is a positive development that consultancy Bain & Company is being held accountable for their project to restructure SARS, which he believes was counterproductive.

SA Revenue Service shortfall to blame for VAT hike – Treasury

2018-08-29 14:57

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 .

Watch: the US lobster industry is feeling the pinch as China retaliates in the trade war

Lobster fishermen and traders in Maine in the United States have become the victims of the intensifying trade war between Donald Trump's administration and China.

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Why Parliament must vote for VAT-free chicken

2018-08-23 07:30

The report on expanding zero-rated VAT items has missed a key opportunity to reduce the cost of important foodstuffs for lower-income South Africans.

Did SARS lie to Parliament about taxpayer compliance plan?

2018-08-21 20:07

The SA Revenue Service may have told Parliament 'half-truths' when it was grilled over its new compliance plan, according to testimony at the Nugent inquiry.

SARS looks into identifying noncompliant cryptocurrency 'miners'

2018-08-19 06:03

Acting SA Revenue Service commissioner Mark Kingon says the organisation is looking into ways of identifying cryptocurrency traders who might be dodging tax.

Cosatu: Further VAT exemptions may not benefit the poor

2018-08-14 06:45

Even if government adds to the list of zero-rated VAT items, there is still the challenge of ensuring that benefits of the VAT exemption flow to the poor, Cosatu has said.

These are some of the products a panel considered – but rejected – making VAT free, including mango achar and life-saving medicines

2018-08-11 07:26

The final list of recommended zero-rated products is estimated to cost the National Treasury R4 billion in lost revenue.

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