PKF uses cookies to enhance your browsing experience and analyse site traffic. By continuing to browse our site, you consent to the use of cookies. For more information, please refer to our Privacy Policy
An important objective and design principle of SARS’s administrative platform is to balance the ease of VAT registration with the potential risk of abuse that this could give rise to: persons merely seeking to obtain a VAT number in order to claim fraudulent VAT refunds.
On 21 April 2023, the National Treasury and SARS published the initial batch of draft legislation (Taxation Laws Amendment Bill) to give effect to the two renewable energy tax incentives, which were announced in the 2023 Budget.
On 18 June 2017, Medtronic International Trading (“the Taxpayer”) concluded a Voluntary Disclosure Programme (“VDP”) with the South African Revenue Services (“SARS”) as the result of fraudulent transactions of a former employee.
Since the introduction of the Tax Administration Act (hereafter “TAA”) in 2011, the Dispute Resolution Rules have been very strictly applied by the South African Revenue Service (hereafter “SARS”).
South Africa’s recent Grey Listing by the global financial watchdog, Financial Action Task Force (FATF), has forced government to introduce new measures to ensure the country improves its image in combating money laundering and financial crimes. To this end, amendments were made to the Trust Property Control Act, which require trustees to:
