WHILE the South African Revenue Service (SARS) is touting its improved tax revenue collections, especially from wealthy taxpayers, the sustainability of its tactics has come into question.
Hannes van den Berg, the CEO of Consult by Momentum, said that the SARS commissioner Edward Kieswetter has been beckoning consumers to share their tax affairs with SARS while still initiating tactics to target high-net-worth individuals and corporates.
Van der Berg said that Consult is also seeing SARS take no prisoners when it comes to addressing indirect tax loopholes.
“While Kieswetter has said that SARS’ main objective is to improve administration competence and not increase the burden on taxpayers, it seems to have its eye set on those who are looking to move abroad, becoming far more stringent in its legislation concerning assets leaving the country,” said Van der Berg.
SARS has also made clear its intention to identify more ‘low-hanging fruit’ to
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