Tax
Global tax deal backed by 130 nations
The new tax regime will add some $150 billion to government coffers globally once it comes into force, which the OECD said it hoped would be in 2023.
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Kieswetter: Sars gunning for state capture beneficiaries who didn’t pay tax
Sars Commissioner Edward Kieswetter told Parliament’s Standing Committee on Public Accounts (Scopa) that the revenue service was working on seven state capture-related projects and had already handed over 27 criminal cases to the National Prosecuting Authority (NPA).
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Kieswetter: I will not tolerate any political interference at Sars
South African Revenue Service (Sars) commissioner Edward Kieswetter told Parliament’s Standing Committee on Finance that since taking over the reins at the revenue service, he has not experienced any political interference, and neither would he tolerate any.
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Encouraging progress: Sars collects an additional R138 billion in revenue
Sars commissioner Edward Kieswetter has Thursday afternoon announced the preliminary outcome of the revenue collected from 1 April 2020 to 31 March 2021.
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Economists warn govt against further tax hikes to pay for COVID vaccines
National Treasury has suggested that higher taxes could be one way of financing the vaccines, which are critical for saving lives.
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Sars official appears in Bloemfontein court for corruption, extortion
The 39-year-old is accused of allegedly enticing and extorting a company director who was issued with a subpoena for outstanding tax returns and payments.
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Trump says tax report 'fake news' as he goes on defensive ahead of debate
The scoop from 'The New York Times', reporting that Trump paid only $750 in federal income tax in 2016 and 2017, and none at all for 10 of the previous 15 years, was a shot to the jugular of the self-described billionaire.
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Outa: All SOEs must emulate Eskom & try recover looted money
Eskom and the Special Investigating Unit announced on Monday that summonses were being issued to 11 individuals who illegally diverted about R3.8 billion.
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Kieswetter: It’s too soon to tell if new mechanisms will save Sars
The COVID-19 pandemic has forced the service to readjust the way it designs and develops its systems.
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Ruling against Sars: 'Taxpayers have the courts on their side'
"This case shows rogue officials at Sars that the courts protect taxpayers," says tax attorney Jean-Louis Nel (Tax Consulting SA).
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Tips to pay less tax - and to get a refund from Sars - when working from home
The Money Show’s Bruce Whitfield interviews Matthew Haddon, Director at tax consultancy Simple Tax.
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Tax the rich? Post-pandemic recovery idea finds favour in UK
Mass unemployment, bankruptcies and other potential shocks could hit the richest but supporters of tax reform say they should still shoulder more of the burden.
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Treasury briefs Parly on tax relief measures for citizens, businesses
The Draft Disaster Management Tax Relief Bill contains the latest proposed amendments in regard to tax relief measures to soften the economic blow caused by the COVID-19 pandemic.
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COVID-19: Hospersa calls on govt to consider tax break for health officials
With more than 60,000 members, the union said this would encourage health workers who were putting their lives on the line during the fight against COVID-19.
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Tax revenue highlights SA's dependence on small number of high-income earners
Just 125,000 people pay one-fifth of the R1.5 trillion the South African Revenue Services (Sars) collects in taxes.
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Apple's Cook says global corporate tax system must be overhauled
'I would certainly be the last person to say that the current system or the past system was the perfect system.'
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Judge Dennis Davis: SA can expect significant closure of tax gap
He headed a committee which was tasked with examining various aspects of the country’s tax system.
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Kieswetter: If Sars fails, our democracy fails
South African Revenue Service (Sars) Commissioner Edward Kieswetter was speaking at the Tax Indaba which at the Sandton Convention Centre.
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KZN woman gets 7-year sentence for R4m tax fraud
Saraspathie Vallee pleaded guilty to VAT fraud and contravening of the Prevention of Organised Crime Act late last week in a Durban court.
