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Construction industry under the microscope - SARS

Finance Minister Pravin Gordhan said on Sunday officials were going after companies in the construction...

EWN story (EWNgeneric.jpg)
Local

Finance Minister Pravin Gordhan said on Sunday officials were going after companies in the construction sector because most of them were not complying with tax laws.

Gordhan announced that the South African Revenue Services (SARS) had collected over R742 billion in revenue this year.

SARS officials were celebrating their latest achievement, a 10 percent revenue increase in collection over the previous year.

Officials have launched a compliance programme to help improve revenue collection, particularly with tax and customs collection.

They will be turning their attention to the construction industry, wealthy tax dodgers and small businesses amongst others.

SARS Commissioner George 'Oupa' Magashule said it was not too late for offenders to come forward.

“We know who is not complying. We are going to do something about them.”

SARS has assured the public it will fight corruption and make sure that every cent is accounted for.

(Edited by Clare Matthes)


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