Durban, 19 April 2018 – Delegates from BRICS member countries (that is Brazil, Russia, India, China and South Africa) have agreed to strengthen co-operation and mutual assistance to facilitate trade between member countries and other developing countries. The BRICS Customs … Continue reading
Category Archives: SARS
PRETORIA, 16 April 2018 – The South African Revenue Service (SARS) has embarked on a new initiative with the National Prosecuting Authority (NPA) to prosecute non-compliant taxpayers, including prominent South Africans, who have failed to submit returns. Taxpayers who are … Continue reading
Pretoria, 13 April 2018 – South African Revenue Service (SARS) Customs officials at OR Tambo International Airport (ORTIA) this week confiscated 108kg of drugs which were hidden in boxes and declared as ‘calcium carbonate’. Officials inspected the boxes in the … Continue reading
PRETORIA, 11 April 2018 – The South African Revenue Service (SARS) will host the Customs Cooperation Meeting, which is a representation of the heads of customs authorities from BRICS member countries: Brazil, Russia, India, China and South Africa with a … Continue reading
PRETORIA, 06 April 2018 – The South African Revenue Service (SARS) will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of their taxable income. The onus … Continue reading
Pretoria, 03 April 2018 – The South African Revenue Service (SARS) is pleased to announce that it has collected an amount of R1216.6 billion in the financial year 2017/18. It should be noted that these are preliminary results, which will … Continue reading
Pretoria, 29 March 2018 – The South African Revenue Service (SARS) today releases trade statistics for February 2018 recording a trade balance surplus of R0.43 billion. These statistics include trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS). The year-to-date … Continue reading
Pretoria, 28 March 2018 – The South African Revenue Service (SARS) is ready to implement the Sugary Beverages Levy (SBL) which comes into effect on 1 April 2018. Manufacturers that produce sugary beverages with a total annual sugar content in … Continue reading
Pretoria, 27 March 2018 – The South African Revenue Service (SARS) is ready to implement the increase in Value-Added Tax (VAT) announced by the Minister of Finance in February. The Minister announced that the VAT rate would increase from … Continue reading
Pretoria, Tuesday 20 March 2018 – The South African Revenue Service (SARS) welcomes the appointment of Mr Mark Kingon as acting Commissioner with immediate effect. Mr Kingon’s appointment was announced by the Minister of Finance, following the suspension of Mr … Continue reading