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Tough road ahead for taxpayers and the taxman

My Small Business 3 months ago

Ahead of Sars boss Edward Kieswetter briefing the country on the virus’s impact, experts say it will take massive efforts from both businesses and the taxman to help the country recover.


04 May 2020
PREMIUM!
Tough road ahead for taxpayers and the taxman

Sars Commissioner Edward Kieswetter. Image: Moneyweb

Companies who benefit from over half a trillion rand worth of Covid-19 relief packages should pay it forward by doing the right thing next tax season, according to tax experts. The South African Revenue Service (Sars), meanwhile, would have to double down on its collection efforts as Covid-19 relief for businesses put a massive dent in state coffers. Government is bracing for a massive fall in revenue collection this year following the country embarking on a protracted lockdown period from March this year. South African Revenue Service (Sars) commissoner Mark Kingon is expected to update the nation on issues pertaining...

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