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The 2014 Tax Statistics Bulletin shows that the South African Revenue Services (Sars) collected almost R900-million in revenue during the 2013/14 fiscal year, a 10.6% rise from the previous year.
The South African Revenue Service received more than 50 000 returns in less than 12 hours as the 2014 tax season got under way on Tuesday. Sars will deploy 14 000 officials and nine mobile units, and set up temporary service points countrywide, to make it easier for people to submit their returns.
The new tax ombud will act as a "simple remedy" for taxpayers who have legitimate complaints about administrative matters, poor service or the failure by the South African Revenue Service to observe their rights as taxpayers, Finance Minister Pravin Gordhan said at the office's launch on Monday.
Finance Minister Pravin Gordhan praised South Africa's resilience in the face of global economic turmoil on Tuesday as he announced that the SA Revenue Service had collected R899.7-billion in taxes for 2013/14, R0.7-billion more than the revised estimate of R895-billion.
Regretting his failure to cooperate earlier, businessman Dave King entered a settlement agreement on Thursday that will see him paying over R700-million to the South African Revenue Service, as well as a R3.2-million fine and R8.75-million to the Criminal Asset Recovery Fund.
South African taxpayers submitted a total of 5.66-million income tax returns during the 2012 tax season, 16.4% higher than 2011, according to the SA Revenue Service's preliminary count.
South African Revenue Service customs teams seized a total of 54 kilograms of drugs worth almost R16-million at Johannesburg's OR Tambo International Airport over the weekend.
The South African Revenue Service's chief legal and policy officer, Kosie Louw, has been elected chairperson of the Global Forum on Transparency and Exchange of Information for Tax Purposes, becoming the first African chair of the forum.
Waitrons can keep their hard-earned tips for themselves and don't have to worry about the taxman, the South African Revenue Service has confirmed.
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