SARS’ Undisputed Tax Debts Hits a Record High of Almost R489 Billion!
The most recent SARS Debt Collection Data, as at 18 December 2025, evidences the fruit borne from SARS’ Compliance initiatives, with a total of R62,579 billion in cash collected from debt, thus far. Although ahead of their collection targets to achieve the projected R100 billion in cash collections from debt, for the April 2025 to […]
An Olive Branch in the Kingdom of Tax: Triumph Over Trust Debts
In the sprawling kingdom of South African finance, trusts and their advisors navigate mist-shrouded paths of compliance, wary of penalties, interest charges, and mounting tax debts. Many brave trustees have attempted to traverse these treacherous paths, only to stumble over complex rules, shifting governance standards, and the burden of outstanding obligations.
A December Reminder from SARS – and a Clear Message on Trust Compliance
The South African Revenue Service (SARS)’ proposed Value-Added Tax (VAT) Modernisation Project is geared to combat challenges faced by traders, businesses, and SARS, including compliance inefficiencies, the risk of errors, and tax evasion. Phase 1 will entail inserting key definitions into the VAT Act, including “e-credit note”, “e-debit note” and “interoperability framework”.