SARS re-launches business tax collection unit shut down under Moyane

[ForceFate]

SARS re-launches business tax collection unit shut down under Moyane | Fin24

The South African Revenue Service on Wednesday re-launched a unit focused on revenue collection from large corporate companies.

m.fin24.com

The South African Revenue Service on Wednesday re-launched a unit focused on revenue collection from large corporate companies.

Known as the Large Business Centre (LBC) the division was in 2014 dismantled under the leadership of former SARS commissioner Tom Moyane, in a move said to have significantly impacted tax collection. It was recently re-established.

At the launch, current SARS boss Edward Kieswetter said the unit would service all JSE firms, multinational firms, business enterprises with a turnover more than R1bn, and high net worth individuals with total assets over R75m.

 

[Gordon_R]

The problem is that most of the experienced staff are gone:

Kieswetter lamented the hemorrhaging of skills experienced by SARS, saying around 115 specialised auditors had been lost.

 

[ForceFate]

The problem is that most of the experienced staff are gone:

Getting some of them back is going to cost a pretty penny.

 

[surface]

Getting some of them back is going to cost a pretty penny.

If not SARS, where would they go really? Can't be to Australia as SARS wouldn't really employ "those" ones, right? (as per mybb popular opinion that is).

And I would take this with a pinch of salt. 115 auditors over what period? - since Moyane joined or since beginning of SARS? Very vague really. And any new broom has to do these things - declare tremendous difficulty in doing job, shortage of skills/money/whatever.

EK seems doing great effort though - not doubting that.

 

[Johnatan56]

If not SARS, where would they go really? Can't be to Australia as SARS wouldn't really employ "those" ones, right? (as per mybb popular opinion that is).

And I would take this with a pinch of salt. 115 auditors over what period? - since Moyane joined or since beginning of SARS? Very vague really. And any new broom has to do these things - declare tremendous difficulty in doing job, shortage of skills/money/whatever.

EK seems doing great effort though - not doubting that.

I think they'd probably be able to be hired by companies directly pretty easily, shareholders would be pretty happy to know that the financials are being audited at the levels of ex-SARS employees from back when it was very good.

 

[Jopie Fourie]

Over and above all that was already said, looking at the unemployment figures and the way companies scaled down, SARS will not merely collect close to what they did 25 years ago.

 

[ForceFate]

Over and above all that was already said, looking at the unemployment figures and the way companies scaled down, SARS will not merely collect close to what they did 25 years ago.

Come on now mate, this is bottom of the barrel stuff.

 

[Jopie Fourie]

Come on now mate, this is bottom of the barrel stuff.

You really think so?

 

[Johnatan56]

Come on now mate, this is bottom of the barrel stuff.

What do you mean bottom of the barrel? SARS is doing this to increase revenue from companies, this will not increase collections by much as it's been tough economic times.

 

[ForceFate]

What do you mean bottom of the barrel? SARS is doing this to increase revenue from companies, this will not increase collections by much as it's been tough economic times.

So he's referring to the collection shortfall?

 

[Johnatan56]

So he's referring to the collection shortfall?

Are you really that dense or are you attempting to troll? Honest question.

 

[ArtyLoop]

Its long tradition with SARS.... shortfall is caused by economic conditions... but the taxpayers (of all kinds) have to pay the price of it.

 

[ForceFate]

Are you really that dense or are you attempting to troll? Honest question.

Are you going to answer my question?

 

[Johnatan56]

Are you going to answer my question?

Are you going to answer mine first?

 

[R13...]

Its long tradition with SARS.... shortfall is caused by economic conditions... but the taxpayers (of all kinds) have to pay the price of it.

Some of it is also probably caused by low compliance that was helped by Zuma and his cronies collapsing the tax service so they could loot with more impunity. That needs to be fixed, but it doesn't solve the economic issues but should result in a bit more change in the kitty.

 

[ForceFate]

Are you going to answer mine first?

I asked mine first. Perhaps I should wait for him.

Edit: If I'm wrong then I'll apologise to him.