R3 billion investment in SARS is a big warning for taxpayers in South Africa
The Tax Service of South Africa (SARS) will be allocated R3 billion to upgrade its technology and infrastructure systems, and expand its specialized audit and investigation skills to prevent tax evasion in the country.
“In the next fiscal year, SARS will establish a unit dedicated to improving the compliance of people with wealth and complex financial arrangements,” said Finance Minister Tito Mboweni during his 2021 annual budget speech in Parliament on Wednesday (February 25).
“This first group of taxpayers has been identified and will receive communication during April 2021. In support of these efforts, we request that this chamber approve an additional spending allocation for SARS of R3 billion in the medium term.”
News that SARS is investing in technology, data and …