SARS tax clampdown

[Daily Investor]

SARS tax clampdown

The South African Revenue Service is clamping down on tax avoidance and evasion through complex company structures.

 

[Bunta]

Maybe if they fix E-filing there would be more compliance.

 

[Paul_S]

Maybe if South Africa goes cashless there will be more compliance.

 

[Sarg3_ZN]

Maybe if they went after the oinkers on the gravy train, they would have more than enough.

 

[DreamKing]

The latest intervention is to force all South African companies and close corporations to register their beneficial owners with the Companies and Intellectual Property Commission (CIPC).

these fckers are never end to create red tape......

what the f is "beneficial owners"?

 

[LPCPT]

these fckers are never end to create red tape......

what the f is "beneficial owners"?

Red tape brings in the moola. You probably will have to pay a registration fee on the website that only works when I am not logged in. Maybe I am the problem.

 

[Asgard85]

these fckers are never end to create red tape......

what the f is "beneficial owners"?

The warm body at the top of it all. Basically the end of the string.

The banks are already including this requirement as part of their FICA for corporates.

I have not read the article but think it has to do with remedying the greylisiting by the Financial Action Taskforce.

 

[Quicks]

Maybe people would pay taxes if it were not stolen by the ANC? Maybe when people see their money being used to upgrade and maintain infrastructure they would more likely pay their taxes? Fcken dumb fcks running this country.

I am totally for tax avoidance, and evasion. Less money for the ANC!

 

[ghaye]

Well, according to this....

The Prevention and Combating of Corrupt Activities Act 12 of 2004

SARS has turned every taxpayer into a criminal. We all pay the money knowing where it will end up and for what use!