Business In The News South Africa

Sars’ deadline looms for taxpayers to declare foreign assets and income

JOHANNESBURG, August 29 – The South African Revenue Services (Sars) on Tuesday dispelled rumours that there was an extension to the Special Voluntary Disclosure Programme (SVDP), saying that the closing date is imminent The SVDP is a once-off opportunity to disclose off-shore assets and income by taxpayers with undeclared foreign assets or income with the benefit […]

In The News South Africa

Sars busts 26kg of cocaine worth over R7 million at OR Tambo airport

JOHANNESBURG, July 21 – The South African Revenue Services (Sars) on Friday, said customs officials and drug detector dogs at OR Tambo International Airport in Johannesburg intercepted 26kg of cocaine cosmetics estimated at around R7.4 million from Sao Paolo, Brazil, in transit to the Democratic Republic of Congo. “The shipment of narcotics was discovered when […]

In The News South Africa

Consumer commission ‘timeshare’ hearings move to Cape Town

CAPE TOWN, July 10 – The National Consumer Commission (NCC) has urged Western Cape consumers who have experienced problems with the holiday club ownership “timeshare” industry to participate in its public hearings in Cape Town this week. Speaking ahead of the public hearings scheduled from Tuesday to Thursday, NCC commissioner Ebrahim Mohamed appealed to consumers […]

Business In The News South Africa

Sars says it targets R1.265-trillion revenue collection for 2017

JOHANNESBURG, July 4 – The South African Revenue Services (Sars) said on Tuesday, that some media have incorrectly inflated its revenue collection target for 2017. This comes after reports that Sars aimed to collect over R1.6 trillion this tax season, though warning that the technical recession could have an impact. Sars Commissioner Tom Moyane, together with […]