Kaya Biz: SARS reacts to Godongwana’s Mid Term Budget Speech
Kaya 959 Reporter In the last year, the South African Revenue Service (SARS)'s Voluntary Disclosure Programme yielded additional revenue of R4.6 billion, outstanding returns (R5.4 billion) and targeted criminal investigations and preservation orders of less than R2 billion. The taxman’s compliance drive ensured debt collections from large businesses (R12 billion), high wealth individuals (R42 billion), and “corporate actions” (R6.8 billion). A total of 21 cents in every R1 of collected […]