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Sa Revenue Service

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The newly formed partnership had already uncovered emerging schemes perpetrated by promoters, professional enablers and financial institutions.Image: Reuben Goldberg

IRS in US and Sars join forces to fight tax crimes

The Internal Revenue Service Criminal Investigation Division (IRS-CI) in the US and the SA Revenue Service (Sars) have joined forces to fight tax and economic crimes affecting both countries. Sars said the two agencies were working…

A man who failed to declare R2m which was in his luggage has lost the money to the SA Revenue Service.Image: Reuters

Cash smuggler forfeits R2m to Sars

A man who tried to smuggle US dollars worth about R2m out of the country has forfeited the money to the SA Revenue Service and earned a criminal record, but escaped jail time. Muhammad Zakariyya Sheik Aboo was caught with the undeclared…

Zimbabwean businessman Frank Buyanga Sadiqi is taking Sars to court, claiming it confiscated gold Kruger coins worth an estimated R600m from him.Image: FINANCIAL MAIL

Zim businessman takes on Sars over R600m in confiscated gold coins

Zimbabwean businessman Frank Buyanga Sadiqi is taking the SA Revenue Service (Sars) to court, claiming it confiscated Kruger gold coins worth an estimated R600m, personal jewellery, watches and cellphones from him. The goods were attached…

The tax man is digging into the affairs of companies that benefited from the supply of personal protective equipment to the government. Stock photo.Image: 123RF/pstedrak

Tax skeletons exposed as net closes on those who feasted on PPE billions

The SA Revenue Service (Sars) is investigating 307 cases of possible tax fraud and other irregularities with a revenue loss of close to R300m involving companies that recently benefited from government personal protective equipment (PPE)…

Tax chief Edward Kieswetter says revenues are being hit by reduced economic activity, the number of businesses that were unlikely to survive the impact of Covid-19, and the rapid rise of illicit and criminal economic activities, especially since the banning of tobacco and alcoholic products.Image: Martin Rhodes

Tax shock: Covid-19 and cigarette and booze bans cost SA almost R300bn

The SA Revenue Service (Sars) is set to lose almost R300bn in tax revenue due to the economic impact of the coronavirus and the latest sovereign credit ratings downgrade by Standards & Poor’s. This was disclosed to MPs on Tuesday by Sars…

Labour minister Thulas Nxesi says Sars is waiting on the sidelines to help if the system for UIF claims crashes Picture: Esa Alexander

Sars to jump in should UIF systems crash – minister Thulas Nxesi on Covid-19 claims

The SA Revenue Service (Sars) will help with the payments of Unemployment Insurance Fund (UIF) claims should the labour department’s systems crash because of the high volumes of claims received, labour and employment minister Thulas Nxesi…