SARS tightens screws on tax compliance
Tax target of R1.265 trillion difficult ask in recessionary environment.
Taxpayers will likely face closer scrutiny as the South African Revenue Service (SARS) ramps up efforts to meet its ambitious tax target of R1.265 trillion while economic growth continues to disappoint.
Tax revenue collection has remained remarkably resilient in recent fiscal years despite a slowdown in economic growth, as less generous fiscal drag relief, high wage settlements, a shift towards highly skilled workers and resilient VAT collections have been supportive.
But there are concerns that this may not be sustainable.
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